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Full text of "Twenty Fourth Massachusetts Fire"

State Library 



OF 



MASSACHUSETTS. 



A. 



Return as Soon as Used. 



7 A 



4 



_J 



PUBLIC DOCUMENT No. 9. 



TWENTY-FOURTH 



ANNUAL REPORT 



OF THE 



INSURANCE COMMISSIONER 



OF THE 



€ommonroealtl) of iltassacl)U0£tt0. 



January 1, 18 7 9. 



PART I. 
FIRE AND MARINE INSURANCE. 



BOSTON: 

Eanti, gfarg, & £0., printers ta tfje ^nmnumSmalti}, 

117 Franklin Street. 
1879. 






15^ 

A 



TABLE OF CONTENTS. 



[For Index to Companies, se'e end of Volume.] 



COMMISSIONER'S REPORT. 

PAGE 

Introductory .....;... i v 

Companies Admitted vi 

Companies Withdrawn ; . ; k . ■. vi 

Companies closing up vii 

Massachusetts Receiverships vii 

Business or 1878 ■. xi 

Massachusetts Mutual Fire Insurance Companies xi 

Comparative Table A xi 

Massachusetts Mutual Marine and Fire-Marine Insurance Companies . xii 

Comparative Table B xii 

Massachusetts Joint-Stock Insurance Companies xii 

Comparative Table C ■. xii 

Insurance Companies op other States xiii 

Comparative Table D xiii 

United States Branches of Foreign Insurance Companies .... xiv 

Comparative Table E ■. xiv 

Massachusetts Business k xiv 

Comparative Table F xiv 

Comparative ratios i xv 

Fires in Massachusetts in 1878 xv 

Table A. — Property, fires, insurance, loss, etc xvi 

Table B. — Fires classified by months xxi 

Table C. — Causes of fires k . . ■. xxvi 

Summary * . . i xxxi 

Statistical Tabulations xxxiil 

Massachusetts Mutual Fire Insurance Companies xxxiv 

Table I. — Risks, assets, liabilities, and surplus xxxiv 

Table II. — Gross cash income and expenditures, premiums, losses, and 

expenses xxxvi 

Massachusetts Mutual Marine and Fire-Marine Insurance Companies . xxxviii 

Table III. — Guarantee fund, scrip, risks, assets, liabilities, and surplus . . xxxviii 
Table IV. — Gross cash income and expenditures, premiums, losses, and 

expenses xxxix 

Massachusetts Joint-Stock Insurance Companies xl 

Table V. — Cash capital, risks, assets, liabilities, and surplus .... xl 

Table VI. — Risks written, premiums received, and losses paid .... xii 

Table VII. — Gross cash income and expenditures, expenses, and dividends . xiii 



iv TABLE OF CONTENTS. 

PAGE 

Insuraxce Companies of other States xliii 

Table VIII. — Cash capital, risks, assets, liabilities, and surplus .... xliii 

Table IX. — Risks written, premiums received, and losses paid .... xlviii 

Table X. — Gross cash income and expenditures, expenses, and dividends . lii 

Table XI. — United States Branches lvi 

Table XII. — Massachusetts business in detail lvii 

Receipts and expenditures of the Insurance Department lxii 

DETAILED STATEMENTS. 

Massachusetts Mutual Fire Companies 1 

Massachusetts Mutual Fire Companies with Guarantee Capital 69 

Massachusetts Mutual Marine and Fire-Marine Companies 79 

Massachusetts Joint-Stock Fire, Marine, and Fire-Marine Companies .... 93 

Fire, Marine, and Fire-Marine Insurance Companies of other States .... 153 

United States Branches of Foreign Companies 393 

Foreign Fire Companies 421 

List of agents of insurance companies of other States and foreign countries, with 

amount of business done, and tax paid by each 469 

Appendix , 566 



TWENTY-FOURTH ANNUAL REPORT 



INSURANCE COMMISSIONER. 



PART I. 

FIRE AND MARINE INSURANCE. 



To the Honorable the Senate and House of Representatives. 

The Insurance Commissioner respectfully presents here- 
with the first part of the Twenty-fourth Annual Report of 
the Insurance Department. 

This volume contains the statements in detail of all the 
Insurance Companies, other than Life, Casualty, and Acci- 
dent, doing business in this Commonwealth on the thirty- 
first day of December, 1878, as rendered to the Commis- 
sioner. 

The number of such companies duly authorized to transact 
business in this State, Jan. 1, 1879, was two hundred and 
twelve, classified as follows : Massachusetts Companies, 
eighty-four, of which fifty-three are Mutual Fire (three of 
which have a cash guarantee capital) ; six Mutual Marine 
and Fire-Marine, and twenty-five Joint-Stock Fire and 
Marine Companies; Fire and Marine Companies of other 
States, one hundred and nine; United States Branches of 
Foreign Companies, nineteen. 

The following schedules show the companies admitted and 
withdrawn since the publication of the last report : — 



VI 



REPORT OF THE 



Companies Admitted. 



N'AME OF COMPANY. 



Location. 



Xew York Bowery Fire 
United States Lloyds . 
Albany 
Firemen's . 



Hamburg- Magdeburg Fire 



German Fire 
American Fire . 
Republic Fire 
Knickerbocker Fire 



New York 

New York 
Albany, X.Y. . 
Baltimore 

Hamburg, Germany, 
Baltimore 
Xew York 
New York 
Xew York 






April 23, 1878. 
June 5, " 
July 10, " 
July 23, " 
Oct. 1, • 
Oct. 7, " 
Xot. 29, • 
Dec. 6, " 
Feb. 21,1879. 



Companies Withdrawn, 



NAME OF COMPANY. 



Location. 



Date of Withdrawal. 



Humboldt . 

Resolute Fire 

Commerce Fire . 

St. Joseph Fire and Marine 

Equitable Fire . 

Union Marine and Fire 

Granite 

Germania . 

Virginia Fire and Marine 

Ridgewood . 



Newark, X.J. 

Xew York 

Xew York 

St. Joseph, Mo 

Xashville 

Galveston 

Richmond 

Newark . 

Richmond 

Xew York 



May 20, 1S7S. 

May 21, 
July, 

Not. 29, 

Dec. 31, 

Dec 31, 

Dec. 31, 

Dec. 31, 

Dec. 31, 

Jan. 31, 1879. 



INSURANCE COMMISSIONER. vii 



Companies Closed and Closing Up. 

After an unfortunate experience, to which companies of 
this class are particularly exposed, the Whately Mutual Fire 
Insurance Company has closed its business, the last policy 
having been taken up Feb. 9, 1878. 

The affairs of the Commercial Mutual and the Union Mu- 
tual (both marine) of New Bedford are so nearly closed, that 
nothing of public interest can be said in regard to them, and 
they disappear from the tabulations of this department. 

Upon examination, May 7-8, 1878, the condition of the 
Home Mutual Fire Insurance Company of Boston was found 
to be such as to require immediate action by the Commis- 
sioner. Upon petition to the Supreme Judicial Court, a tem- 
porary injunction was issued May 8, which was subsequently 
made perpetual. The affairs of the company are now in pro- 
cess of adjustment and settlement under the direction of 
George M. Reed, Receiver. 

Upon examination, Sept. 20, 1878, of the Equitable Marine 
Insurance Company of Provincetown, it appeared that a por- 
tion of its capital was not invested as the statutes require ; 
and, in consequence, a considerable impairment existed. The 
company was officially notified to restore the same by requir- 
ing collateral security for its stock notes within the time 
allowed bylaw. This time expired Jan. 1, 1879; but pro- 
ceedings were delayed to give the company an opportunity 
to obtain relief from the Legislature by change of its charter. 
Such relief having been refused, the risks of the company 
were immediately re-insured ; and it is now closing up under 
the direction of its officers. 

The Boot Manufacturers' 1 Mutual Insurance Company of Bos- 
ton is now closing up its affairs, the business having proved 
unprofitable. An assessment upon the deposit notes has been 
made to meet the outstanding liabilities. 

Receiverships. 

The accounts of receivers of Insurance Companies have 
been examined during the year, as required by chapter 83 of 
the Acts of 1876, The following are the results ; — . 



Vlll 



REPORT OF THE 



Boston Insurance Company. 

Cash in hands of receivers, Dec. 20, 1877 . . $64 55 
Received salvage, old account 2 74 



Paid court fees ....... 

Balance on hand, Dec. 14, 1878 

Bay State Fire Insurance Company. 

No receipts or disbursements since April 2, 1877. 
Cash in hands of receivers, Dec. 13, 1878 



$67 29 

1 60 

$65 09 



$131 16 



Builders' Mutual Fire Insurance Company (Jirst class). 
Total amount realized from assets, including $3,830.65 trans- 
ferred from second class . $11,993 04 

Paid for fire losses, expenses, and other claims . . . 11,007 88 



Balance on hand, May 20, 1878 

Builders' Mutual Fire Insurance Company (second class). 



5 16 



Total amount realized from assets 

Paid dividends, expenses, and contribution to first class 

Balance in hand, for which checks have been issued 
Receivers discharged June 6, 1878. 

Exchange Insurance Company. 

Paid dividends since last examination ..... 

Cash in New England Trust Company, May 27, 1878 . 

140 claims for dividends on unearned premiums not called for. 



Conway Mutual Fire Insurance Company. 

Total amount realized from assets to Dec. 6, 1878 . 
Paid sundry bills, advertising, taxes, etc. 

Balance on hand, Dec. 6, 1878 
Amount probably collectible from balance of assets 
Losses and claims adjusted and allowed . 
Losses and claims not adjusted .... 
Deposit notes assessable ...... 



$9,052 95 
9,025 39 

|27 56 



$112 55 
497 45 



Franklin Insurance Company. 
Cash on hand at last examination . 
received for interest 

for sales bank stock . 
for marine premium . 
on bond of A. Jackson 



84,167 33 


95 55 


$4,071 78 


3,200 00 


7,792 54 


570 00 


106,257 70 


87.734 51 


351 84 


3,210 00 


1 96 


1,500 00 


$12,798 31 



INSURANCE COMMISSIONER. ix 



Paid sundry dividends $1,051 59 

sundry expenses 265 92 

J. C. Davis, receiver . . . . 2,000 00 



$3,317 51 



Balance on hand, Dec. 11, 1878 $9,480 80 

Other assets as per last statement, except bank stock. 

Howard Fire Insurance Company. 

Cash on hand at last examination $2,252 69 

Paid sundry dividends 18 65 



Balance on hand, June 1, 1878 ^ $2,234 04 

Whole amount of unpaid dividends, being 578 in number, $2,213.26. 
These claims range from one cent to $31.96, averaging $3.83 each. 

Hide and Leather Insurance Company. 
The account of the receiver of this company was allowed May 23, 1878, 
and he was discharged. 

Mechanics' Mutual Fire Insurance Company. 
By decree of court, dated Dec. 12, 1877, the account of the receivers 
was allowed. By this decree the receivers were required to pay into 
court the amount of unpaid dividends, $457.55, and $300, to defray fur- 
ther expenses. The balance on hand, $3,682.04, was allowed to the 
receivers, and they were discharged. 

Merchants'' Insurance Company. 

Cash on hand, Dec. 21, 1877 $556 42 

Paid sundry dividends 379 00 

Balance on hand, Dec. 14, 1878 $177 42 

The unpaid claims, 140 in number, average $1.27 each. 

Manufacturers' Insurance Company. 

No receipts or disbursements since last report. 

Cash on hand, Dec. 11, 1878 $8 19 

Alabama claims, $276,000, exclusive of interest. 

National Insurance Company. 

Cash on hand, Dec. 19, 1877 .... 
received for interest on deposits 

Paid dividends on return premiums 

dividends on losses 

legal expenses 



Balance on hand, Dec. 12, 1878 
6 



. 


$17,750 65 


• • 


268 31 




$18,018 96 


. $51 43 




. 121 93 




. 375 00 






548 36 




$17,470 60 



. 


17,007 81 
462 22 


. 8039 99 

. 769 62 

1 80 


§7,470 03 
1,411 41 





x REPORT OF THE 

The suit so long in court has been decided in favor of the company, 
and about §11,000 realized thereon. A further dividend of about \\ per 
cent will probably be made. 

New England Mutual Marine Insurance Company. 

Cash on hand, Dec. 21, 1877 .... 
Received from Chicago property 

Paid sundry expenses on real estate 

legal expenses ...... 

dividends ...... 

Balance on hand, Dec. 11, 1878 ... 
Other assets as per last report. 

Neptune Insurance Company. 

Cash on hand, Dec. 20. 1877 $10,410 68 

Received for interest 199 39 



.Paid sundry dividends 
legal expenses . 



Balance on hand, Dec. 11, 1878 .389 68 

Other assets as per last report. 

Northampton Mutual Fire Insurance Company. 
The accounts of the receivers of this company were examined May 10 
and Dec. 5, 1878. At the first examination it appeared that only 815 
had been collected; at the second examination it was found that a further 
sum of 8175 had been realized from the assets. As no assessment had 
been ordered, tine Commissioner was of the opinion that the receivers were 
neglecting their duties to the injury of the creditors, and he reported the 
case to the Supreme Judicial Court, Feb. 10, 1879. At a hearing. March 
7, the receivers resigned, and Messrs. James C. Davis and John M. Tur- 
ner were appointed in their stead. An assessment has been made, and 
there is a prospect that the affairs of the company will be speedily closed. 

People's Fire Insurance Company. 

Cash on hand, Dec. 12, 1877 5 63 

Paid during 1878, 11 checks 146 70 





'.610 07 


I :32 




. 816 07 






1 220 39 







Balance, for which 131 checks have not been presented, §198 93 

Suffolk Insurance Company. 

Cash in Xew England Trust Company 81.273 12 

Dividends not called for May 6, 1878 1.278 61 

The amount given in last report was copied erroneously. 



INSURANCE COMMISSIONER. 



XI 



Shoe and Leather Dealers' Fire and Marine Insurance Company. 



Since last examination the receipts are as follows : — 
For salvage, old account . . . .... 

For interest on deposits ........ 

No disbursements. 

Balance of cash on hand, Dec. 14, 1878 . . . $109 14 

Dividends not called for . . . . 69 76 



$1 08 
6 64 



Washington Insurance Company. 

A detailed account of the receivers of this company was rendered to the 
court, and examined by the Commissioner, June 5, 1878. 

The balance of cash on hand, May 28, 1878, was . . . $3,575 14 

Other assets as per last report. 



Business of 1878. 
The following Comparative Tables exhibit, in condensed 
form, the business of the year : — 

Comparative Table A. — Massachusetts Mutual Fire Insurance 

Companies. 





1877.* 


1878.t 


Increase or 
Decrease in 1878. 


Assets .... 


$5,724,164 


$5,726,532 


+$2,368 


Liabilities 


2,938,220 


2,675,373 


—262,847 


Surplus .... 


2,791,156 


3,075,739 


4-284,583 


Income .... 


2,243,043 


2,202,186 


— 40,857 


Expenditures . 


2,002,270 


2,065,302 


+63,032 


Risks written . 


178,400,701 


181,386,299 


+2,985,598 


Net premiums received . 


1,929,780 


1,889,666 


—40,114 


Risks outstanding . 


397,419,022 


385,400,923 


—12,018,099 


Losses paid 


603,875 


752,031 


+148,150 


Losses incurred 


844,425 


559,213 


—285,212 


Assessments collected 


5,345 


12,806 


+7,461 


Profits returned 


968,331 


884,053 


—84,278 


Expenses 


420,696 


401,416 


—19,280 



* Fifty-four companies. 



f Fifty companies. 



Xll 



REPORT OF THE 



Comparative Table B. — Massachusetts Mutual Marine and Fire- 
Marine Insurance Companies. 



. J ' 


1877.* 


1878.1 


Increase or 
ise in 1878. 


Cash guarantee fund 


$765,200 


$705,200 


- 


Subscription notes . 


1,023,600 


306,500 


— #057,100 


Assets .... 


4,245,159 


3,202,430 


—1,012,729 


Liabilities 


976,953 


722,302 


—254,591 


Surplus .... 


444,808 


262,466 


—182,342 


Income .... 


1,216,238 


989,023 


—227,215 


Expenditures . 


1,490,603 


1,126,816 


—363,787 


Risks written . 


65,384,509 


49,967,319 


—15,417,190 


Net premiums received . 


1,027,975 


875,418 


—152,557 


Risks outstanding . 


41,199,413 


36,231,391 


—4,968,022 


Losses paid 


758,589 


689,315 


—69,274 


Losses incurred 


673,646 


595,467 


— 7S,179 


Expenses 


169,197 


146,389 


—22,808 


Scrip dividends declared . 


23S,363 


214,421 


—23,942 


Scrip redeemed 


111,761 


146,620 


+34,850 


Scrip outstanding 


1,034,498 


1,085,902 


+51,404 



* Seven companies. t Five companies. 

\ The subscription notes of the Boylston Mutual were surrendered in 1878. 



Comparative Table C. — Massachusetts Joint-Stock Insurance 

Companies * 





1877.t 


18784 


Increase or 
Decrease in 


Cash capital 


$7,217,000 


87.317,000§ 


— *100,000 


Assets .... 


13,195,886 


13,253,528 


+57,642 


Liabilities 


3,613,256 


3,454,514 


— 15S,742 



* The stock department of the Mechanics' Mutual is included in this tabulation, 
t Twenty-five companies. \ Twenty-six compan: 

§ The capital of the Faneuil Hall was reduced $100,000 in 18] 



INSURANCE COMMISSIONER. 



xm 



Comparative Table C. — Massachusetts Joint-Stock Insurance 
Companies — Concluded. 



1877. 



1878. 



Increase or 
Decrease in 18TS 



Surplus . 


89,582,630 


$9,799,014 


+8216,384 


Income .... 


4,991,234 


4,761,066 


—233,168 


Expenditures . 


4,786,389 


4,528,192 


—258,197 


Risks written . 


400,691,535 


390,335,462 


—10,356,073 


Net premiums received . 


4,385,522 


4,167,976 


—217,546 


Risks outstanding . 


357,359,852 


370,315,364 


+12,955,512 


Losses paid 


2,957,375 


2,713,5S2 


—243,793 


Losses incurred 


2,910,221 


2,673,720 


—236,501 


Expenses .... 


1,266,291 


1,267,764 


+1,473 


Cash dividends declared . 


561,000 


546,000 


—15,000 



Comparative Table D. — Fire and Marine Insurance Compa- 
nies of other States. 





1877.* 


1878.t 


Increase or 
Decrease in 1878. 


Cash capital 


810,830,694 


$41,414,090 


+8583,396 


Assets .... 


112,077,565 


111,278,449 


+2,200,884 


Liabilities 


33,898,236 


32,960,531 


—937,705 


Income .... 


49,621,630 


40,278,305 


—3,343,325 


Expenditures . 


49,441,105 


44,293,835 


—5,147,270 


Fire risks written 


3,773,030,119 


3,730,517,625 


—37,112,494 


Net premiums received . 


32,746,214 


29,659,189 


—3,087,025 


Marine risks written 


1,115,225,467 


1,217,071,896 


+101,846,429 


Net premiums received . 


10,871,616 


10,729,701 


—141,945 


Fire losses paid 


1S,443,484 


14,713,119 


—3,730,365 


Marine orinl'd losses paid, 


7,717,845 


7,811,022 


+126,777 


Dividends paid 


5,523,217 


5,258,045 


—265,172 


Expenses 


13,892,824 


13,201,959 


—690,865 



* One hundred and eleven companies. 



f One hundred and nine companies. 



XIV 



REPORT OF THE 



Comparative Table E. — United States Branches of Foreign 

Companies. 

[Fire business only.] 





1877.* 


1878.t 


Increase or 
Decrease in 1878. 


Assets in United States J . 


$16,606,025 


.906,274 


'..299,649 


Liabilities in United States, 


8,333,895 


8,429,749 


+95,854 


Income .... 


12,291,954 


12,701,418 


+406,404 


Expenditures . 


9,247,763 


9,732,432 


+484,669 


Risks written . 


1,452,945,088 


1,519,908,333 


+66,963,245 


Net premiums received . 


11,578,184 


11,912,454 


+334,270 


Losses paid 


5,741,379 


5,912,729 


+171,350 


Expenses .... 


3,495,706 


3,819,705 


+323,999 











* Seventeen companies. f Nineteen companies. 

X Immediately available for the payment of losses in this State. 



Comparative Table F. — Massachusetts Business.* 





1877. 


1878. 


Increase or 
Decrease i: 


Fire risks written 


$5S5,92S,271 


$558,019,711 


— $27,90S,560 


Fire premiums received . 


5,99S,124 


5,506,392 


—491/ 


Fire losses paid 


2,327,6S8 


2,547,841 


+220.L33 


Fire losses incurred . 


2,572,185 


138,121 


—134,064 


Marine risks written 


203,625,80S 


175,400.438 


—28,219.370 


Marine premiums received, 


3,372,536 


2,751,734 


—620,802 


Marine losses paid . 


2,349,973 


2,245,118 


—104. 


Marine losses incurred 


2,245,102 


2,107,969 


—137.133 



* For details of this business, see Table XII. 



INSURANCE COMMISSIONER. 



xv 



Comparative Ratios of Table F. 





1877. 


1878. 


Increase or 
Decrease in 1878. 


Fire premiums received to risks writ- 








ten (premium rate) 


1.02 


.99 


— 2.9 per cent. 


Fire losses incurred to risks written . 


.44 


.44 


- 


Fire losses incurred to premiums re- 
ceived ...... 


42.9 


44.3 


+3.3 »' " 


Marine premiums received to risks 








written (premium rate) 


1.66 


1.57 


—6.6 " " 


Marine losses incurred to risks writ- 








ten ...... 


1.10 


1.20 


+9 1 " " 


Marine losses incurred to premiums 
received ..... 


66.6 


76.6 


-}-15 " " 



Fires in Massachusetts in 1878. 

In accordance with the provisions of chapter 104 of the 
Acts of 1878, the fires in this State during the year, as re- 
ported by cit} r and town authorities, have been tabulated by 
the Commissioner as follows : — 



XVI 



REPORT OF THE 






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INSURANCE COMMISSIONER. 



XXV 



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XXVI 



REPORT OF THE 



Table C. — Causes of Fires classified. 



PROPERTY. 



Cause of Fires. 



Artists' studios 

Bakeries and confectioneries, 

Barbers' shops 

Barns and private stables . 



Basket manufactories . 
Blacksmiths' shops 

Boardingandlodginghouses, 

Boiler and engine houses . 

Bonnet and hat pressing 
Boot and shoe dealers . 

Boot and shoe manufactories, 

Breweries .... 
Brick kiln .... 
Brush manufactories . 
Cement manufactories . 
Chain shops and foundries . 

Chocolate manufactories 
Churches . 

Cider mills . 

Cigar shops and manufac- 
tories. 

Cloth printers and finishers, 



Incendiary, 1; exposure, 1. 

Kerosene lamps, 1 ; defective chimney, 1; over- 
heated oven, 2; defective oven, 3; cigar in 
dumb waiter, 1; leak in gas pipe, 1. 

Incendiary, 2; exposure, 3; kerosene lamps, 1; 
unknown, 2; overheated stove, 1. 

Incendiary, 147; exposure, 32; children with 
marches, 13; rats and matches, 2; careles> u-e 
of matches, 1; kerosene lamps, 4; spontane- 
ous, 2; unknown, 7(5; overheated stove, 1; 
lightning, 22; accidental, 12: fireworks, 1; lime 
ami water, 1; lantern kicked by horse, 1. 

Incendiary, 1. 

Incendiary, 3; unknown, 3; lightning, 1; fire- 
works, i; ashes in wooden vessels, 1; careless- 
ness, 1 ; sparks from chimney, 2. 

Incendiary, 5; exposure, 1; careless use of 
matches, 3; kerosene lamps, 3; defective chim- 
ney, 3; unknown, 2; snroking, 1. 

Incendiary, 1; unknown, 3; accidental, 1; fur- 
nace, 1; wood-work exposed to stove or fur- 
nace, 1; friction, 1. 

Exposure, 1. 

Exposure, 3; unknown, 3; spittoon and saw- 
dust, 1. 

Incendiary, 4; exposure, 2; kerosene lamps, 2; 
unknown. 11; overheated stove, 1; accidental, 
2; fireworks, 1; presser heaters, 2. 

Spontaneous, 1 ; accidental, 1. 

Overheated kiln, 1. 

Exposure, 1. 

Accidental, 1. 

Defective chimney, 1; unknown, 1: accidental, 
1; sparks from chimney, 1; furnace, 1; wood- 
work exposed to stove or furnace, 1. 

Overheated steam pipe, 1. 

Incendiary, 2; exposure, 1; lightning, 3; acci- 
dental, 1; furnace, 1. 

Lightning, 1. • 

Exposure, 2: unknown, 5; overheated stove, 1; 
gas explosion, 1. 

Carelessness, 1. 



INSURANCE COMMISSIONER. 



XXVll 



Table C. — Continued. 



ritOPERTY. 



Cause of Fjres. 



Clothing stores 



Club rooms 



Comb manufactories 

Cotton-batting manf., waste 
houses, and shoddy mills. 

Cotton factories . 



Curriers, morocco manufac- 
tories, and tanneries. 



Dining.rooms 

Drain-pipe manufactories . 

Druggists . 

Dry, woollen, and fancy 
goods, and trimmings. 

Dwellings . . . . 



Dye woods and chemicals . 

Dye works .... 

Emery and emery-wheel 
manufactories. 



Fan and fei 
ufaetorie' 



ther duster man- 



Flouring and grist mills 



Fruit stores . 



Incendiary, 3; exposure, 3; spontaneous, 1; de- 
fective chimney, 1; unknown, 2; overheated 
stove, 1; accidental, 2; spittoon and sawdust, 
1; clothing exposed to stove, 1; furnace pipe 
near floor, 1. 

Incendiary, 1; exposure, 1; careless use of 
matches, 1; kerosene lamps, 1; spittoon and 
sawdust, 1. 

Spontaneous, 1. 

Incendiary, 1; spontaneous, 1; unknown, 2; 
accidental, 2. 

Spontaneous, 1; unknown. 2; lightning, 1; acci- 
dental, 1; friction, 2; picker, 2. 

Tncendiary, 3; exposure, 1; unknown, 2; sparks 
from chimney, 2; overheated steam pipe, 1; 
sparks from emery wheel, 1. 

Incendiary, 1; exposure, 1; unknown, 2; over- 
heated stove, 2; wood-work exposed to stove 
or furnace, 1. 

Children and matches, 1. 

Exposure, 5; ignition of volatile oil, 4; gas jet, 1. 

Exposure, 7; kerosene lamps, 1 ; spontaneous, 1; 
unknown, 3; accidental, 1; gas jet, 2. 

Incendiary, 13G; exposure, 101; children and 
matches, 38; rats and matches. 0; careless use 
of matches, 12; kerosene lamps, (50; spontane- 
ous, 8; defeciive chimney, 111); unknown, 129; 
overheated stove, 20; lightning, 10; accidental, 
29; fireworks, 2; ashes in wooden vessel, 5; 
carelessness, 0; sparks from chimney, 20; 
smoking, 2; furnace, 5; wood-work exposed to 
stove or furnace, 5; gas explosion, 1; clothing 
exposed to stove, 3; ignition of benzine, 1; 
gas-jet, 8; open grates, 3; rags in chimney- 
hole, 2; fat on stove, 5; watchmaker's globe 
and sun's rays, 1; candles on Christmas tree, 1; 
tar kettle, 1; candle and "bedclothes, 1. 

Unknown, 1. 

Unknown, 1. 

Incendiary, 1; unknown, 1. 



Unknown, 1; boiling over of kettle of pitch, 1. 



Incendiary, 2; exposure, 2; unknown, 2; sparks 
from chimney, 1: friction, 2; overheated steam 
pipe, 1. 

Kerosene lamps, 1; accidental, 1 ; gas explosion, 
1. 



XXV111 



REPORT OF THE 



Table C. — Continued. 



Property. 



Cause of Fires. 



Furniture dealers . 


Incendiary, 1; exposure, 1; kerosene lamps, 1; 
spontaneous, 1; unknown, 1; gas jet, 1. 


Gas works .... 


Unknown, 2; leak in gas pipe, 1; accidental, 2. 


General stores 


Incendiary, 4; exposure, 6; kerosene lamp, 2; 
unknown, 6. 


Glassware manufactories . 


Kerosene lamps, 1. 


Glue manufactories 


Incendiary, 1. 


Grease rendering . 


Unknown, 1. 


Greenhouses . . * . 


Incendiary, 1; unknown, 2; accidental, 2; 
wood-work exposed to stove or furnace, 1. 


Groceries .... 


Incendiary, 8; exposure, 6; kerosene lamps, 1; 
unknown, 8; overheated stove, 2; gas jet, 1. 


Hardware dealers . 


Exposure, 2; unknown, 1; ashes in wooden ves- 
sels, 1. 


Harness manufactories 


Exposure, 1; unknown, 1; smoking, 1; furnace, 
1. 


Hay stores .... 


Incendiary, 3; unknown, 2. 




Incendiary, 2; exposure, 2; careless use of 
matches, 1; defective chimney, 1: unknown, 3; 
smoking, 1 ; overheated stove, 3; gas explosion, 
1. 


Ice houses .... 


Incendiary, 1; children and matches, 1; un- 
known, "i; accidental, 1 ; sparks from locomo- 
tive, 1. 


Jewelry manufactories 


Exposure, 1 ; wood-work exposed to stove or fur- 
nace, 1; sparks from forge, 2. 


Jewelry dealers . 


Exposure, 1. 


Junk shops .... 


Incendiary, 3; spontaneous, 3; unknown, 2. 


Lamp-black manufactories . 


Furnace, 1 ; sparks from locomotive, 1. 


Lead works .... 


Incendiary, 1. 


Leather dealers 


Exposure, 2. 


Liquor stores and saloons . 


Incendiary, 2; exposure, 4; kerosene lamps, 5; 
defective chimney, 1: unknown, 1; gas ex- 
plosion, 1; gas jet, 1; overheated stove, 1. 


Lithographers 


Exposure, 3; spontaneous, 1. 


Livery stables 


Incendiary, 2; unknown, 3. , 


Lumber dealers 


Exposure, 1; children and matches, 1; light- 




ning, 1. 


Machinists' and machine 
shops. 


Exposure, 8; spontaneous, 2; unknown, 2: acci- 
dental, 1; aslies in wooden vessel. 1: careless- 
ness, 1; sparks from chimney, 2; friction, 1. 



INSURANCE COMMISSIONER. 



XXIX 



Table C. — Continued. 



Property. 



Cause of Fires. 



Marble works 


Accidental, 1. 


Millinery stores . 


Exposure, 3; kerosene lamps, 1; unknown, 2. 


Miscellaneous stores . 


Exposure, 1; spontaneous, 1; unknown, 2; leak 
in gas pipe, 1; overheated stove, 1; gas jet, 1. 




Incendiary, 2; exposures, 5 ; defective chimney, 
1; unknown, 5; furnace, 2; spittoon and saw- 
dust, 1 ; gas jet, 1 ; open grate, 1. 


Oil-cloth manufactories 


Dropping of lantern, 1. 


Oil-clothing manufactories . 


Spontaneous, 1; unknown, 1. 


Oil stores .... 


Unknown, 1. 


Oil works .... 


Spontaneous, 1; unknown, 1; accidental, 2; 
bursting of barrel of naphtha, 1 ; boiling over 
of kettle of oil, 1. 


Oil from leather waste . 


Boiling over of kettle of oil, 1. 


Paint shops .... 


Incendiary, 2; exposure, 1; rats and matches, 1; 
spontaneous, 1; unknown, 1; boiling over of 
kettle of oil, 1. 


Paper-box manufactories . 


Exposure, 3; unknown, 1. 


Paper-collar manufactories, 


Exposure, 1. 


Paper-envelope manufs. 


Exposure, 1. 


Paper-hanging dealers 


Unknown, 1. 


Paper mills .... 


Unknown, 5; lightning, 1 ; accidental, 1; boiler, 1. 


Papier mache manufs. . 


Pipe in workman's pocket, 1. 


Paste shops .... 


Boiler, 1. 


Photographers 


Exposure, 1; unknown, 2; chemicals, 1; sun's 
rays and apparatus, 1. 


Pickle manufactories . 


Boiler, 1. 


Poorhouses .... 


Children and matches, 1; defective chimney, 1. 


Potato-chip manufactories, 


Defective chimney, 1; unknown, 1; furnace, 1. 


Potteries .... 


Incendiary, 1. 


Printing establishments 


Exposure, 1; spontaneous, 1; unknown, 2; gas 
jet, 1; boiler, 1; charcoal left burning, 1. 


Provision dealers . 


Incendiary, 1; exposure, 3; defective chimney, 
1; leak in gas pipe, 1; spittoon and sawdust, 1. 


Public halls .... 


Incendiary, 1; exposure, 3; unknown, 4; spit- 
toon and sawdust, 2; gas jet, 1. 


Railroad depots, cars, and 
coal sheds. 


Incendiary, 2; exposure, 4; kerosene lamps, 1; 
spontaneous, 1; unknown, 2; overheated stove, 
1; sparks from chimney, 1; sparks from loco- 
motive, 3. 



XXX 



REPORT OF THE 



Table C. — Continued. 



rnorERTY. 



Cause of Fires. 



Railroad bridges . 

Ropewalks 

Rubber mills 

Sailmakers 

Satinet mills 

Saw and planing mills 

Sbirt manufactories 
Scboolliouses 

Shoemakers' shops 
Slaughter houses . 

Soap manufactories 

State Prison -workshop 
Storehouses . 



Straw works . 
Sugar mills . 
Tailors and dressmakers 

Tack manufactories 
Tin shops 

Thread mills . 
Tripe factories 
Truuk dealers 
Undertakers . 
Upholsterers . 
Varnish manufactories 
Vessels (at wharves) . 

"Woollen mills 

Wood sheds . 



Sparks from locomotive, 3. 

Incendiary, 2. 

Spontaneous, 1. 

Boiling over of kettle of wax, 1. 

Boiler, 1. 

Incendiary, 4; unknown, 4: overheated stove, 1; 
sparks from chimney, 1; friction, 1; boiler, 1. 

Incendiary, 1. 

Incendiary, 1 ; exposure, 2; spontaneous, 1; de- 
fective chimney, 1 : unknown,!'; accidental, 1; 
furnace, 1; wood-work exposed to stove, 1. 

Exposure, 1; kerosene lamp, 1; carelessness, 1. 

Incendiary. 1; unknown, 2; boiling over of fat 
in kettle, 1; boiler, 1. 

Exposure, 1; unknown, 1; ashes in wooden ves- 
sels, 1. 

Incendiarv, 1. 

Incendiary, 8: children and matches 1; un- 
known, 2; accidental. 2; lime and water, 1; 
sparks from locomotive, 1; spontaneous, 1. 

Defective chimney, 1; unknown, 1. 

Incendiary, 1; accidental, 1. 

Exposure. 4: unknown, 1; spittoon and sawdust, 
1 ; presser heaters, 1. 

Unknown, 1. 

Exposure, 1 ; careless use of matches, 1; furnace, 
1; tinman's furnace, 1. 

Spontaneous, 1. 

Incendiary, 1. 

Unknown, 1. 

Exposure, 1; gas explosion, 1; tar kettle, 1. 

Unknown, 1. 

Unknown, 1. 

Overheated stove, 2: lime and water, 1; furnace, 
1; woud-work exposed to furnace or stove, 2. 

Incendiary,"; kerosene lamp, 1; unknown, 3; 
accidental, 2; carelessness, 1; picker, 2. 

Incendiary. 12; children and matches 5; spon- 
taneous, 1 ; unknown, 3; accidental, 2; care- 
lessness, 1. 



INSURANCE COMMISSIONER. 



XXXI 



Table C. — Concluded. 



FltOPEKTY. 



Cause of Fikes. 



Wood-working 
uieuts. 



establish- 



Incendiary, 9; exposure, 7; spontaneous, 6; un- 
known/?; overheated stove, 4; lightning, 1; 
accidental, 2; dropping of lantern, 1; ashes in 
wooden vessel, 1; ignition of varnish, 1 ; boiler, 
2; sparks from chimney, 1; friction, 1; over- 
heated dry-house, 1. 



Summary of Causes. 



Cause. 



Number. 



Incendiary 
Exposure. 

Children with matches . 

Rats with matches . 

Carelessness wi^h matches 

Kerosene lamps 

Spontaneous . 

Defective chimney. 

Unknown 

Overheated oven . 

Defective oven 

Cigar in dumb waiter . 

Leak in gas-pipe 

Overheated stove . 

Lightning 

Accidental 

Fireworks 

Lime and water 

Breaking of lanterns 

Ashes in wooden vessels 

Carelessness . 

Sparks from chimney . 

Smoking .... 

Furnace .... 

Wood-work exposed to stove 

or furnace 
Dry-house 
Friction .... 



397 

249 

(il 

12 

19 

88 

40 

133 

351 

3 

3 

1 

4 

42 

41 

75 

5 

3 

3 

10 
12 
31 
G 
10 

13 
1 

8 



Cause. 



Wooden spittoons (sawdust), 
Overheated pressers 
Overheated steam pipe 
Explosion of gas . 
Clothing exposed to stove 
Furnace pipe near floor 
Picker .... 
Sparks from emery wheel 
Ignition of volatile oil . 
Gas jet .... 
Open grate 

Ra^i in chimney hole . 
Fat, on stove . 
Sun's rays and watchmaker' 

globe .... 
Candles and Christmas tree 
Candles and bedding . 
Tar kettle 
Boiling over of oil or pitch 

kettle .... 
Sparks from locomotive 
Sparks from forge . 
Boiler .... 
Chemicals 
Sun's rays and photograpl 

apparatus 
Charcoal 
Tinman's furnace 



left burning 



Number. 



3 
3 
G 

4 
1 
4 
1 
7 
18 
4 
2 



Eighty-seven towns report "no fires during the year." 
One hundred and one fires are reported in unoccupied build- 
ings. Of these, 17 were in barns (loss, $4,653), and 79 in 
dwelling houses (loss, $62,918). Causes: incendiary, 77; 
'unknown, 13 ; known, 6. 

These statistics for 1878 are as nearly complete as can be 
expected. In most instances the returns were promptly 
rendered, and it is evident that considerable time and atten- 
tion was given to procuring the information in regard to the 



xxxii REPORT OF THE INS. COMMISSIONER. 

causes of fires, the loss, insurance, etc. Similar statistics for 
1876 were published in the supplement to the twenty-second 
Report of the department ; and, upon comparing the same 
with the record of the past year, many striking coincidences 
will be observed, which illustrate the great law of average 
upon which the business of insurance is based. 

With the writing of these lines, the connection of the 
writer with the insurance department ceases. Of the various 
subjects to which, as Insurance Commissioner, he has invited 
the attention of the Legislature, there is, in his judgment, no 
one of greater importance than that of preventing a part of 
the great annual loss by fire by the enactment and enforce- 
ment of proper building laws. One hundred and thirty- 
three fires were reported last year, in this State, as having 
been caused by defective chimneys ; and, of the large number 
reported " unknown," very many may properly be attributed 
to this cause. To any one who has given attention to this 
subject, it must seem that further arguments or illustrations 
are entirely unnecessary ; yet it is apparent that the people 
do not realize that they pay the losses by fire. They have an 
idea that the insurance companies pay them : whereas the in- 
surance companies are merely distributors of money contrib- 
uted by the people for the purpose. The people not only pay 
the losses, but also the costs of collection and distribution, 
which costs average at the present time more than twenty- 
five per cent of the whole contributions. The writer leaves 
this matter in the hands of his successors in office, with the 
hope and belief that they will realize its importance, and will 
continue to agitate the subject until all has been accom- 
plished which may seem practicable. 

Respectfully submitted. 

S. H. RHODES, 
Insurance Commissioner. 



STATISTICAL TABULATIONS. 



XXXIV 



REPORT OF THE 





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INSURANCE COMMISSIONER. 



lvii 



Table XII. — Massachusetts Business for 1878. 

4 

Massachusetts Mutual Fire Companies. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Dep. Notes 
Received. 


Losses' 
Paid. 


Losses 
Incurred. 


Abington 

Annisquam .... 

Arkwright 

Aslifield 

Attleborough .... 


$680,189 
68,075 

9,215,718 

37,018 

209,690 


$11,291 



79,068 

170 

1,797 


$33,874 
4,335 

395,338 
1,294 
7,179 


$3,254 

100 

63,811 






$3,235 

100 

16,834 

2,300 




Barnstable County . 

Berkshire 

Boot Manufacturers' 
Boston Manufacturers' 
Bristol County .... 


917,728 

1,221,819 

446,750 

19,182,778 

697,275 


15,818 

13,151 

3,686 

166,553 

4,350 


30,286 
39,454 
18,430 
832,765 
87,081 


8,227 
7,326 
5,305 
115,874 
4,072 


10,415 
8,725 
9,989 

13,533 
3,116 


Cambridge .... 

Citizens' 

Cohasset 

Cotton and Woolen Manuf. 
Dedham 


1,612,879 

6,045,166 

41,525 

573,862 

572,769 


20,850 

83,400 

654 

6,035 

9,048 


41,699 

155,846 

2,618 

30,178 

17,921 


3,087 

20,546 

1,775 

1,305 

582 


3,087 

24,196 

12 

1,305 

582 


Dorchester .... 

Essex 

Fall River Manufacturers' 
Fitchburg Mutual (first class), 
Fitchburg Mut. (second class), 


2,597,574 

162,650 

4,380,780 

3,270,740 

763,131 


38,363 
2,826 
37,333 
48,053 
11,972 


76,726 

8,477 

186,666 

48,053 

11,972 


17,612 

25 

49,227 

21,818 

7,727 


13,012 

25 

13,669 

29,131 

7,727 


Franklin Mutual (first class) . 
Franklin Mut. (second class) . 

Granby 

Groveland . 

Hampshire .... 


384,608 

9,900 

16,850 

245,805 

919,070 


4,767 

98 

82 



11,681 


14,302 



659 

13,658 

35,044 


1,745 
5,441 

1,400 
5,652 


1,745 
3,202 

1,000 
5,652 


Hingham 

Lowell 

Lynn 

Merchants' and Farmers' 
Merrimack .... 


2,760,340 

735,367 

264,650 

2,583,585 

4,066,868 


49,249 

8,230 

3,684 

37,265 

57,706 


97,263 
24,690 
14,735 
74,531 
107,498 


23,508 

1,600 



16,818 

10,767 


22,896 

1,600 



17,729 

14,509 


Middlesex 

Milford 

Mill Owners' .... 
Mutual Fire Assurance . 
Mutual Protection . 


4,661,293 
135,740 

3,519,022 
632,500 
281,300 


68,538 

1,462 

32,256 

10,695 

2,771 


68,538 

4,387 

161,281 

21,390 
8,956 


20,140 
1,951 

17,879 
3,856 
1,411 


21,065 
2,031 

14,924 
2,056 
1,411 


Newburyport .... 

Norfolk 

Quincy 

Salem 

Salisbury and Amesbury 


112,550 
3,818,952 
6,249,524 

221,125 
62,310 


1,430 
61,927 
84,891 

3,068 
560 


8,579 

122,054 

84,891 

9,178 

5,602 




12,557 

33,464 

168 

1,090 




17,078 

32,724 

168 

1,690 


Saugus 

Shelburne 

South Danvers . 
Traders' and Mechanics' . 
Westfield 


841,275 

3,550 

216,200 

3,471,572 

150,350 



41 

4,646 

49,370 

2,002 


101,467 

222 

13,938 

49,370 

5,864 


629 
970 
770 
27,671 
240 


241 

970 

770 

27,671 

1,790 


Westford 

West Newbury .... 
Weymouth and Braintree 
Worcester Manufacturers' 
Worcester Mutual . 


98,225 

961,473 

166,057 

6,983,897 

7,965,711 


884 



2,608 

63,542 

117,713 


1,767 
55,621 

7,671 
317,709 
235,426 


379 

72 

4,697 

43,820 

47,364 


379 
97 

8,080 

7,922 

45,064 


Totals 


$105,237,785 


$1,235,584 


$3,696,483 


$617,732 


$415,457 



lviii 



REPORT OF THE 



Table XII. — Massachusetts Business for 1878 — Continued. 
Massachusetts Mutuals with Guarantee Capital. 



NAME OF COMPANY. 



Risks 
Written. 



Premiums 
Received. 



Dep. Notes 
Received. 



Losses 
Paid. 



Incurred. 



Holyoke .... 
Massachusetts . 
Mechanics' (Mutual Depart.) 



Totals 



$5,192,404 
9,434,666 
2,034,407 



$16,661,447 



$68,119 
79,965 
21,190 



$68,119 





$14,020 | $16,035 
9,340 
10,394 12,194 



$169,274 



$68,119 



$33,754 $37,625 



Massachusetts Mutual Marine and Fire-Marine Compan 

Fire Business. 



NAME of company. 



Risks 

Written. 



Premiums 
Received. 



Losses 
Paid. 



Losses 
Incurred. 



Boylston Mutual 
New England Mutual 



Totals 



$7,948,095 
1,205,321 



$9,153,416 



$53,336 
9,617 



$62,953 



$16,778 

4,7-V.' 



4,359 



$21,537 | $17,189 



Marine Business. 



Atlantic Mutual Fire and Marine 
Boylston Mutual 
China Mutual .... 
India Mutual .... 
New England Mutual 



Totals 



1 2,981 

11,051,667 

16,64 

2,991,418 

3,664,412 



$34,990,680 



$37-,739 
93,284 



139,228 
85,417 



$639,355 



$6,800 

115,828 

100,896 



$633,441 ] $506,027 



Massachusetts Joint-Stock Companies. 
Fire Business. 



Alliance 
American 
Commonwealth 
Dwelling House 
Eliot . 



Faneuil Hall 
Firemen's Fire . 
First National Fire 
Franklin of Boston 
Gloucester Fire . 



Manufacturers' Fire and Marine 
Mechanics' Mutual (Stock Department) 
Mercantile Marine .... 

Neptune 

North American 



Prescott .... 
Revere Fire .... 
Shawmut .... 
Shoe and Leather 
Springfield Fire and Marine 

Traders' and Mechanics' . 
Washington 



$4,082,808 
3,494,698 
9,0-. 

$75,145 
2,526,951 

4.739,897 
7, 22,015 

4,342,6S1 
3,029,086 
1,978,705 

12,202,341 
1,3" 
5,292.231 
3,861,088 
4,786,515 

4,419,707 
3,739,736 
8,19 272 
9.005.6S6 
9,476,630 

2,02* 

6,594 



$52,597 
- 871 
73,322 
41,457 
27,323 

56,879 
74,394 
55,413 
29,648 

28,342 

116,499 
14,909 

39,215 
36,149 

44,061 
31,761 

52.060 
66,058 

- 

30,303 



- 
25,183 

8,580 

22.22S 
19,244 

18,063 
20,552 

36,609 
114 
536 

24,631 

6,774 

31,014 

16.2S0 

16.12S 
49,062 

1.24S 
11,599 



$35,379 
3,5S2 

- 321 
• .- 
6,080 

27.22S 

- 
16,386 

38,900 

1,333 

123 

28,131 

6,774 

33,713 

43,041 

1.24S 
11,599 



Totals $115,242,260 $1,042,325 ' $395,751 $^ 



INSURANCE COMMISSIONER. 



lix 



Table XII. — Massachusetts Business for 1878 — Continued. 
Marine and Inland Business. 



NAME OF COMPANY. 



Risks 
Written. 



Premiums 
Received. 



Losses 
Paid. 



Losses 
Incurred. 



American 

Beverly 

Boston Marine .... 
Equitable Marine 
Gloucester Fire . 

Manufacturers' Fire and Marine 
Mercantile Marine 

Neptune 

Salem Marine .... 
Shoe and Leather 

"Washington .... 

Totals 



$2,947,662 
8,150 

16,801,746 
268,606 
723,598 

6,061,981 
4,576,599 
1,417,380 
2,240.775 
4,308,375 

4,620,165 



$43,975,037 



$62,239 
836 

445,497 
14,749 
21,171 

68,867 
55,481 
41,730 
47,319 
101,120 

79,180 



$938,189 



$49,839 


301,472 
15,480 
18,996 

60,392 
64,941 
93,483 
63.812 
101,060 

87,884 



557,359 



$37,284 



263,179 

6,030 

21,459 

68,142 
59,741 
66,483 
63,258 
84,234 

86,674 



;756,484 



Companies of other States. 
Fire Business. 



JStna (Hartford) 
./Etna (New York) 
Albany (Albany) 
American Fire (New York) 
American Fire (Philadelphia) . 

American (Newark) . 
American Central (St. Louis) . 
American Exchange (New York) 
Amity (New York) . 
Atlantic (Brooklyn) . 



Atlantic Fire and Marine (Providence) 
Buffalo (Buffalo) 
Buffalo German (Buffalo) 
Citizens' (New York) 
Citizens' (St. Louis) . 

City Fire (New York) 
Clinton (New York) . 
Columbia (New York) 
Commerce (Albany) . 
Commercial Fire (New York) . 

Commercial Mutual (New York) 
Connecticut Fire (Hartford) 
Continental (New York) . 
Delaware Mutual Safety (Philadelphia) 
Enterprise Fire and Marine (Cincinnati), 

Equitable Fire and Marine (Providence), 
Exchange Fire (New York) 
Fairfield Fire (South Norwalk) 
Farragut Fire (New York) 
Fire Association (Philadelphia) 

Firemen's (Baltimore) 
Firemen's (Newark) . 
Firemen's (New York) 
Firemen's (Dayton) . 
Fireman's Fund (San Francisco) 

Franklin (Philadelphia) 
German (Baltimore) . 
Germania (New York) 
German American (New York) 
Girard Fire and Marine (Philadelphia) 



17,456,314 

315,864 

361,675 

207,956 

2,087,054 

791,670 

1,790,748 

313,835 

268,709 

1,531,192 

476,606 
912,323 

1,332,192 

1,015,073 

794,783 

1,170,537 
2,018,197 
837,977 
1.410,971 
1,140,919 

262,050 
4,007,335 
5,538,960 
4,647,048 
1,762,875 

1,704,581 
1,005,333 
2,359,488 
494,335 
6,664,314 

341,307 

1,057,207 

594,322 

471,041 

1,707,531 

4,875,275 

441,030 

1,660,963 

6,242,379 

996,635 



$178,318 

3,44.3 

3,075 

1,204 

18,552 

5,097 

24,351 

1,699 

3,055 

18,198 

4,977 
8,330 

11,681 
6,981 

10,668 

5,929 
10,775 
10,573 
15.333 
11,276 

1,173 

40,594 
45,600 
20,709 
25,686 

15,327 
8,750 

23,469 
3,589 

84,381 

3,411 
7,894 
3,061 
5,005 
13,465 

53,905 

3,901 

21,108 

53,192 

7,825 



$101,007 

1,092 

222 



6,649 

287 

20,521 



4,207 

7,752 

4,371 

11,990 
9,627 
4,766 
8,342 

63 

176 

1,992 

5,855 

4,957 



22,600 

34,121 

4,452 

20,670 

12,085 

5,087 

9,039 

17 

36,981 



3,088 

167 

2,357 

7,493 

29,715 



14,252 

19,909 

2,973 



$98,051 

1,092 

2,722 



8,102 

287 

19,842 



4,207 

10,320 

3,481 
12,298 
8,743 
7,029 
6,815 

63 

176 

3,067 

7,780 

6,072 



23,514 

34,369 

4,452 

23,528 

12,577 

5,117 

12,336 

25 

43,356 

1,664 

■ 3,088 

167 

2,357 

8,114 

29,715 



14,615 

27,730 

3,175 



lx 



REPORT OF THE 



Table XII. — Massachusetts Business for 1878 — Continued. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


-sCB 

Incurred. 


Glen's Falls (Glen's Falls) 

Guardian Fire (New York) 

Hanover Fire (New York) 

Hartford Fire (Hartford) .... 

Hoffman Fire (New York) 


$924,786 
1,070,000 
3,605,813 
8,273,225 
1,485,685 


$9,755 
6,075 
35,240 
81,132 
14,150 


$4,775 

2,122 

12,561 

29,641 

7,361 


$7,275 
2,122 
12,666 
31,674 
10,899 


Home (Newark) 

Home (New York) 

Howard (New York) 

Insurance Co. of North America (Phila.), 
Ins. Co. State of Pennsylvania (Phila.) . 


297,385 

14,248,517 

1,149,732 

5,568,568 

1,270,907 


3,339 
132,729 

8,648 
64,225 
12,961 


1,130 
46,234 

4,267 
28,962 

4,450 


1,980 
46,910 

4,267 
25,881 

4,450 


Irving (New York) 

Lamar (New York) 

Lorillard (New York) .... 
Manhattan (New York) .... 
Manufacturers' (Newark) .... 


285,817 

900,179 

1,421,593 

3,558,603 

634,737 


3,079 
7,750 
9,035 
36,561 
7,775 


1,716 
4,453 

3,858 

29,146 

8,525 


1,716 
6,453 
3,858 
29,146 
9,867 


Mercantile (Cleveland) .... 
Mercantile (New York) .... 
Merchants' (Newark) .... 
Merchants' (New York) .... 
Merchants' (Providence) .... 


706,176 
442,896 

2,379,919 
696,141 

2,404,873 


6,156 
1,385 

17,644 
4,135 

28,161 


3,588 



3,667 

606 

12,679 


3,621 



3,747 

606 

15,938 


Meriden Fire (Meriden) .... 

National (Baltimore) 

National (Hartford) 

National (New York) .... 
Newark City (Newark) .... 


1,873,058 

461,962 

2,385,200 

1,310,968 

751,106 


23,413 
4,407 

22,135 

11,149 

8,448 


19,296 

300 

7,639 

7,686 

8,510 


16,879 
2,800 
6,808 
7,686 
7,864 


Newark Fire (Newark) .... 
New Hampshire Fire (Manchester) . 
New York Bowery (New York) 
New York City (New York) 
New York and Boston (New York) 


1,135,853 

4,019,267 

1,042,398 

392,895 

447,006 


13,766 

37,148 

8,647 

2,726 

2,997 


8,234 

15,405 

1,349 

674 

52 


8,501 

16,778 

1,349 

674 

52 


Niagara Fire (New York) .... 
Northern (Watertown) .... 
North-western National (Milwaukee) 

Orient (Hartford) 

Pacific Fire (New York) .... 


2,749,949 
801,520 
1,169,797 
2,677,939 
2,308,173 


21,361 

9,170 

9,107 

28,604 

18,139 


11,647 
5,680 
3,483 

22,369 
3,364 


6,342 
7,839 
3,483 
24,743 
3,364 


Park Fire (New York) .... 
Pennsylvania (Philadelphia) 

People's (Newark) 

People's (Trenton) 

Phenix (Brooklyn) 


213,700 
4,930.421 
1,805,939 
2,141,807 
8,524,791 


1,247 
56,512 
22,279 
16,282 
58,553 


57 

15,628 

14,972 

9,067 

8,355 


57 

15,637 

16,100 

9,294 

8,633 


Phoenix (Hartford) 

Providence Washington (Providence) 

Relief (New York) 

Republic Fire (New York) 

Ridgewood (New York) .... 


6,417,273 

3,167,146 

790,823 

102,100 

478,450 


63,014 
30,016 

6,156 
748 

2,574 


24,107 

12.297 

4,629 



172 


20,173 

15,202 

2,353 



172 


Rochester German (Rochester) 
Roger "Williams (Providence) . 

Rutgers (New York) 

Safeguard (New York) .... 
Security (New Haven) .... 


2,070,120 

1,856.044 

696,112 

968,656 

976,569 


19,833 

24.123 

5,191 

8,963 

11,478 


10,176 

17,500 

838 

8.457 

10,160 


10,196 

18,083 

838 

9,457 

8,654 


Standard (New York) .... 

Standard (Trenton) 

Star Fire (New York) .... 

Sterling (New York) 

St. Nicholas (New York) .... 


558,497 

1,368,212 

771,798 

348,142 

1,163,217 


3,954 

19,432 

6,197 

1,418 

10,377 


2.536 

12,936 

5,983 



929 


2,500 

15,519 

5,983 



929 


St. Paul Fire and Marine (St. Paul) 

Toledo (Toledo) 

Trade (Camden) 

Traders' (Chicago) 

Union (Philadelphia) .... 


1,228,290 
450,413 
784,493 

1,450,509 
645,819 


14,908 

5,851 

11,264 

15,703 

4,882 


12.617 
7,732 

7,S97 
9,337 

4.424 


15.146 

8,897 

13,548 

4,424 


Watertown Fire (Watertown) . 
Westchester (New Rochelle) . 
Williamshurgh City Fire (Brooklyn) 


5,565,600 
4,264,790 
2,022,050 


40,453 
35,320 
16,661 


31,890 
7.S39 


33,155 
29.297 

7.S39 




$213,683,028 1 


$2,020,101 


$1,013,274 


$1,067,923 



INSURANCE COMMISSIONER. 



lxi 



Table XII. — Massachusetts Business for 1878 — Concluded. 
Marine and Inland Business. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 


Atlantic Mutual (New York) . 
Commercial Mutual (N"ew York) 
Delaware Mutual (Philadelphia) 
Great Western (New York) 
Insurance Co. of North America (Phila.), 

Mercantile Mutual (New York) 

North-western National (Milwaukee) 

Orient Mutual (New York) 

Pacific Mutual (New York) 

Phenix (Brooklyn) 

St. Paul Fire and Marine (St. Paul) 
United States Lloyds (New York) . 


$7,141,338 

988,046 

21,482,087 

5,513,029 

41,529,522 

5,080,145 

368,377 

284,369 

6,014,358 

7,272,664 

10,000 
559,567 


$180,021 
24,106 

332,610 
48,225 

373,510 

60,822 

3,703 

5,364 

108,404 

26,773 

171 
6,219 


$60,534 
20,925 

158,337 
27,093 

324,968 

35,378 

4,445 

7,701 

93,265 

18,067 

97 
555 


$61,434 
20,925 

197,534 
34,093 

324,968 

35,378 

1,716 

7,701 

115,118 

40,067 

97 
3,474 




$96,243,502 


$1,169,928 


$751,365 


$842,505 



Foreign Companies. 
Fire Business. 



British America . 
Commercial Union 
Guardian Assurance . 
Hamburg-Bremen 
Hamburg-Magdeburg 

Imperial 

La Caisse Generale 

Lancashire 

Liverpool and London and Globe 
London Assurance 

Northern Assurance . 

North German .... 

North British and Mercantile . 

Queen 

Royal 

Royal Canadian .... 
Scottish Commercial . 
Transatlantic .... 
Western Assurance . 

Totals 



$3,615,106 

4,710,342 

2,786,698 

1,911,824 

149,662 

2,656,708 
1,704,118 
6,167,690 
21,853,844 
4,529,220 

2,656,708 
1,149,119 

10,806,307 
7,833,191 

14,513,330 

3,700,677 
4,481,404 
1,327,911 
1,487,916 



$98,041,775 



$35,875 

59,727 

25,172 

12,082 

972 

26,259 
19,992 
70,870 
175,466 
40,506 

26,259 
10,208 

108,531 
81,230 

151,008 

47,692 
45,364 
16,033 
22,909 



$976,155 



$16,064 

19,199 

4,557 

2,170 



20,002 
19,484 
39,723 
83,278 
9,234 

20,002 
813 
39,393 
53,097 
43,850 

40,504 

25,981 

8,275 

20,167 



$465,793 



$15,964 

26,942 

4,403 

2,170 



21,252 
19,484 
36,294 
95,960 
9,249 

21,252, 
3,313 
40,403 
52,140 
43,637 

43,335 

25,560 

8,275 

22,451 



$492,084 



Marine and Inland Business. 



Royal Canadian 




$2,953 



lxii 



REPORT OF THE 



Statement of the Receipts and Expenditures of the Insurance De- 
partment for the Year ending Dec. 31, 1878. 

[Made pursuant to Chapter 267, section 9, Acts of 1867.] 

Receipts. 



Compensation for valuation of life insurance policies 
License fees, filing statements, certificates, etc. 



$16,043 40 
18,934 95 



.978 35 



Expenditures. 



Stephen H. Rhodes, salary . 
William S. Smith, Deputy 

Clerks. 

Fred L. Cutting, 1st Clerk . 

James G. Bovey, 2d Clerk 

Herbert Morissey 

Extra Clerks and Actuaries. 
C. E. Weis . 
C. L. Sawyer 
S. J. P. Leeds 
A. N. Tenney 
H. A. Pierce . 
M. A. Allen . 
M. L. McMann 
A. M. Hawes 
E. L. Johnson 
E. F. Rhodes 
M. A. Swan . 
E. W. Cushman 

General Expenses. 

Horace Smith, services appraising property 
Printing and Binding .... 

Postage ....... 

William D. Whiting, services and expenses 
Deputy's travelling expenses . 
Commissioner's travelling expenses 
Paper and Envelopes .... 

Blank Statements ..... 

Four volumes Agents' Certificates . 
Pens, Pencils, etc 

Amounts carried forward . 



$4,000 00 
2,500 00 



82,000 00 
1.500 00 
1.200 00 



$840 00 
840 00 
840 00 
840 00 
840 00 
840 00 
840 00 
840 00 
840 00 
770 00 
840 00 
840 00 



§600 00 

506 11 

459 00 

400 00 

186 26 

157 05 

95 86 

103 75 

56 00 

33 24 



$2,597 27 



$6,500 00 



4.700 00 



eio.oio 00 



821,210 00 



INSURANCE COMMISSIONER. 



lxiii 



Expenditures — 


Continued. 




Amounts drought forward .... 


$2,597 27 


$21,210 00 


Newspapers, Insurance Publications, etc. 


61 00 




Expressage and Telegrams 
Mounting Valuation Tables . 
Post-Office Box 








23 16 
21 42 
16 00 




Wrapping-Paper and Twine 

Advertising . 

Blank and Letter Books 








20 87 
13 00 
12 65 




Ink ... . 








14 40 




Papyrograph Paper and Ink 
Tin Boxes 








10 12 
3 25 




Miscellaneous 








2 63 








2,795 77 






Recapitulation. 


$24,005 77 


Expended in Life Department 

Expended in Fire and Marine Department 


$14,779 52 
9,226 25 




Department Fees collected and paid into 
State Treasury 


$24,005 77 
34,978 35 




Surplus accrued to C 


omm< 


mwealth . 


$10,972 58 





MASSACHUSETTS MUTUAL 
FIRE INSURANCE COMPANIES. 



Detailed Statements of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

Dec. 31, 1878. 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



ABINGTON MUTUAL FIRE INSURANCE COMPANY, 

ABINGTON. 

[Incorporated May 30, 1856. Commenced business June 15, 1857.] 

Joseph Vaughn, President. Secretary, Freeman P. Howland. 

Detailed Statement of Stocks, 

United States bonds .... 
Chicago city sewerage bonds, 7s 

" " river improvement bonds, 7s 

11 " school bonds, 7s . 
Toledo city water-works bonds, 8s . 
St. Albans town bond .... 

14 shares First National Bank, Salem 
10 < 
10 « 
10 « 

15 < 
10 « 

6 ' 

5 < 

6 ' 
15 < 



' State National Bank, Boston . 
1 Nat'l Hide and Leather B'k, Boston 
1 Globe National Bank, Boston . 
' City National Bank, Boston 
' Old Boston National Bank, Boston 
1 National Bank of Republic, Boston 
' National Webster Bank, Boston 
' Metropolitan National Bank, Boston 
' Middlesex Central Railroad 

Union Pacific Railroad bond, 6s 

14 shares Northern Pacific Railroad, pref 'd 

Eastern Railroad bond, 7s 

Mansfield and Framingham Railroad bonds 

Old Colony Railroad bonds 

Joint note of trustees of Masonic institutions 
of New Jerusalem Church 
of Union Calvinistic Society . 

Personal loans 



Summary of Assets, Dec. 31, 1878. 

Cash value of unencumbered real estate . . §500 00 

Loans on mortgage of real estate (first liens) . 3,625 00 

Stock, bonds, etc., as per schedule . . . 28,465 11 



is, Bonds, Etc 


• 


Par value. 


Market value. 


. $4,400 00 


§4,619 00 


1,000 00 


1,081 25 


1,000 00 


1,081 25 


1,000 00 


1,081 25 


1,000 00 


1,100 00 


1,500 00 


1,340 00 


1,400 00 


1,540 00 


1,000 00 


1,082 50 


l, 1,000 00 


1,007 50 


1,000 00 


860 00 


1,500 00 


1,580 62 


500 00 


580 00 


600 00 


744 00 


500 00 


468 75 


l, 600 00 


564 00 


1,500 00 


1,462 50 


1,000 00 


1,058 75 


1,400 00 


336 00 


1,000 00 


713 75 


1,000 00 


900 00 


3,000 00 


3,162 25 


- 


820 00 


- 


110 00 


- 


140 00 


- 


1,031 74 




$28,465 11 



1878.] 



INSURANCE COMPANIES. 



3 



Cash in the office of the company . 

deposited in the Abington National Bank, 

Preminms in course of collection (net) . 

Interest due and accrued .... 

Office furniture and safes . . $300 00 

Gross Assets 

Liabilities. 

Losses and claims adjusted, but not due . 
Unearned premiums on outstanding risks 
Return premiums on cancelled policies . 
Dividends of profits unpaid on terminated 

policies 

State and local taxes, due or accrued 
Incidental expenses ..... 

Gross Liabilities ..... 



Surplus ....... 

Income. 
Gross cash premiums received during the year, $11,322 64 
Deduct return premiums and re-insurance . 564 28 

Net cash premiums received .... 

Received for interest on mortgages . . .... 

for interest from all other sources .... 

for rents 

Deposit notes received during the year . . $33,802 71 



$252 78 

1,855 35 

459 36 

469 30 






$35,626 90 


$355 56 

16,858 58 

13 87 


360 44 
19 14 
26 67 


17,634 26 






$17,992 64 



Gross Cash Income ..... 

Expenditures. 
Paid for losses during the year 

for brokerage and commissions 
for salaries and fees of officers and employes 
for State and local taxes .... 
for profits or surplus on terminated policies 

for rents 

for incidental expenses .... 

Gross Cash Expenditures .... 

Miscellaneous. 
Risks outstanding Dec. 31, 1877 . . .$2,095,969 00 
written during 1878 .... 682,189 00 



$10,758 36 


401 92 


1,498 29 


52 66 


$12,711 23 


$3,254 25 


1,605 77 


858 50 


115 87 


3,021 86 


50 00 


427 19 



>,333 44 



Total 
Risks terminated during 1878 
re-insured during 1878 
Total deductions 



$791,600 00 
1,925 00 



$2,778,158 00 



$793,525 00 



Net amount in force Dec. 31, 1878 $1,984,633 00 

Deposit notes received on outstanding risks .... 82,498 73 
Losses incurred during the year . • .... 3,234 81 
Percentage of profits or surplus returned during 1878, 10-20-30 per 
cent. 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



ANNISQUAM MUTUAL FIRE INSURANCE COMPANY, 

GLOUCESTER. 

[Incorporated March 11, 1847. Commenced business Dec. 28, 1847.] 

J. Franklin Dyer, President. Secretary, James S. Jewett. 

[Note. — This company charges a cash premium adequate for expenses 
only, and relies upon assessments on deposit notes to pay losses.] 



Summary of Assets, Dec 

Loans on mortgage of real estate (first liens) 
United States bonds .... 
Loaned on personal security . 
Cash in the office of the company . 

deposited in savings banks 
Assessments in course of collection (net) 
Interest due and accrued .... 

Office safe $85 00 

Gross Assets 

Income. 

Received for interest on mortgages . 

for interest from all other sources 
from assessments on deposit notes .- 
from policy fees . 

Deposit notes received during the year . 



31, 1878. 

$2,500 00 

218 50 

1,425 00 

34 23 

1,794 62 

46 47 

179 24 



$4,335 00 



Gross Cash Income 



Expenditures. 
Paid for losses during the year 

for salaries and fees of officers and employes 

for State and local taxes . . . 

for surplus on assessments 

for incidental expenses .... 



Gross Cash Expenditures 



Miscellaneous. 

Risks outstanding Dec. 31, 1877 
written during 1878 
Total 



$356,080 00 
68,075 00 



$6,198 06 

$128 94 

92 71 

379 98 

97 00 

$698 63 



$100 00 


275 00 


3 62 


169 38 


7 03 



$555 03 



$424,155 00 



Risks terminated during 1878 85,535 00 



Net amount in force Dec. 31, 1878 . 
Deposit notes received on outstanding risks 
Losses incurred during the year 



$338,620 00 

23,827 80 

100 00 



1878.] 



INSURANCE COMPANIES. 



ARKWRIGHT MUTUAL FIRE INSURANCE COMPANY, 

BOSTON. 

[Incorporated Feb. 8, 1860. Commenced business Oct. 1, I860.] 

Waldo Higginson, President. Secretary, Edward H. Sprague. 

Office , No. 70 Devonshire Street. 



Detailed Statement of Stocks, Bonds, Etc. 



United States 10-40 bonds, 5s . 
United States bonds, 6s . 
Massachusetts gold bonds, 5s . 
Maine bonds, 6s ... 
Cambridge city bonds, 6s 
Providence city bonds, 5s, registered 
Boston city bonds, 5s, registered 
Boston city bonds, coupon 
Brookline town bonds, 6s 
Boston and Maine Railroad bonds, 7s 
Fitchburg Railroad bonds, 7s . 
Old Colony Railroad bonds, 7s, 1894 
Boston and Albany Railroad bonds, 7s 
Boston and Lowell Railroad bonds, 7s 
Corporation notes indorsed 



Par value. 

$10,000 00 
10,000 00 
20,000 00 
12,000 00 
10,000 00 
10,000 00 
10,000 00 
5,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 



Summary of Assets, Dec. 31, 1878. 
Stocks, bonds, etc., as per schedule. • . . $182,149 17 



Cash in the office of the company . 

deposited in the New England Trust Co 
deposited in the Columbian Nat'l Bank 

Interest accrued 

Gross Assets 

Liabilities. 

Claimed and reported losses, not adjusted 
Unearned premiums on outstanding risks 
State and local taxes, due or accrued 

Gross Liabilities .... 



Surplus 



95 34 

5,717 57 

282 48 

2,643 33 



$7,204 20 

91,282 96 

334 61 



Income. 

Gross cash premiums received during the year, $191,344 92 

Deduct return premiums and re-insurance . 6,647 25 

Net cash premiums received . 

Received for interest from all sources 

Deposit notes received during the year . . $956,724 60 

Gross Cash Income .... 



Market value. 

$10,700 00 
10,600 00 
22,000 00 
13,440 00 
10,600 00 
10,600 00 
11,000 00 
5,200 00 
11,000 00 
11,500 00 
11,400 00 
11,400 00 
11,700 00 
11,200 00 
19,809 17 

$182,149 17 



$190,887 89 



98,821 77 
$2,066 12 



$184,697 67 
8,679 19 

$193,376 86 



6 MASSACHUSETTS MUTUAL FIRE [Dec. 31, 

Expenditures. 

Paid for losses during the year §79,674 47 

for salaries and fees of officers and employes . . . 11,G80 00 

for State and local taxes 1,840 04 

for profits or surplus on terminated policies . . . 86,072 27 

for rents 1,140 00 

for incidental expenses 1,946 31 

Gross Cash Expenditures $182,353 09 

Miscellaneous. 
Risks outstanding Dec. 31, 1877 . . $20,654,984 00 



21,552,147 00 

§42,207,131 00 

21,766,205 00 



'written during 1878 

Total 

Risks terminated during 1878 . 

Net amount in force in Dec. 31, 1878 

120,440,926 00 
Deposit notes received on outstanding risks . . . 912,829 55 

Losses incurred during the year 38,247 67 

Percentage of profits or surplus returned during 1878, 45 per cent. 

Average rate to date, 64 T 8 ¥ 5 ^ per cent. 



ASHFIELD MUTUAL FIRE INSURANCE COMPANY, ASHFIELD. 

[Incorporated June 4, 1873. Commenced business July 19, 1S73.] 

Henry S. Ranney, President. Secretary, Asa G. Wait. 

[Note. — Insures property in the town of Ashfield only.] 

Summary of Assets, Dec. 31, 1878. 

Cash in the office of the company . . . §300 00 

Gross Assets $300 00 

Liabilities. 
Disputed loss, not adjusted .... S2,300 00 

Gross Liabilities $2,300 00 

Income. 

Cash premiums received during the year .... §170 36 

Received from assessments on deposit notes .... 95 26 

Deposit notes received during the year . . §1,293 95 

Gross Cash Income $265 62 

Expenditure-. 

Paid for salaries and fees of officers and employes . . . f 13 91 

for State and local taxes 171 

Gross Cash Expenditures flo 62 



1878.] INSURANCE COMPANIES. 7 

Miscellaneous. 
Risks outstanding Dec. 31, 1877 . . . $166,802 20 
written during 1878 .... 37,018 20 

Total $203,820 40 

Risks terminated during 1878 101,730 00 

Net amount in force Dec. 31, 1878 $102,090 40 

Deposit notes received on outstanding risks .... 6,568 00 

Losses incurred during the year 2,300 00 



ATTLEBOROUGH MUTUAL FIRE INSURANCE COMPANY, 

ATTLEBOROUGH. 

[Incorporated February, 1844. Commenced business July, 1845.] 

J. W. Capron, President. Secretary, H. N. Richardson. 

Summary of Assets, Dec. 31, 1878. 

School district note $3,167 00 

Cash in the office of the company . . . 812 91 
deposited in various savings banks (esti- 
mated cash value) .... 7,574 40 
deposited in the Attleborough Nat'l B'k, 1,061 00 
Premiums in course of collection (net) . . 393 02 

Interest due and accrued 190 00 

Gross Assets 

Liabilities. 
Unearned premiums on outstanding risks . $4,603 09 
Gross Liabilities 



$13,198 33 



Surplus 

Income. 
Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . 
Deposit notes received during the year . 



4,603 09 
$8,595 24 



$1,797 38 
25 49 



$7,179 18 



Gross Cash Income 

Expenditures. 
Paid for salaries and fees of officers and employes . 

for State and local taxes 

for incidental expenses ..... 



$1,771 89 

$1,771 89 

$181 00 

17 49 

56 75 

Gross Cash Expenditures $255 24 

Miscellaneous. 
Risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Risks terminated during 1878 160,635 00 

Net amount in force Dec. 31, 1878 $1,045,659 00 

Deposit notes received on outstanding risks .... 36,824 00 



$996,604 00 
209,690 00 



-$1,206,294 00 



8 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE COM- 
PANY, YARMOUTH. 

[Incorporated March 2, 1833. Commenced business Aug. 1, 1833.] 

David K. Akin, President. Secretary, George Otis. 

Office, No. 64 Hallett Street, Yarmouthport. 



Detailed Statement of Stocks, Bonds, Etc. 



United States registered bonds 

Maine state bonds 

Fall River city bonds .... 
Sheboygan city bonds, Wis. . 
50 shares First National Bank, Yarmouth 
30 " Tremont National Bank, Boston 
10 " Falmouth National Bank, Falmouth 
15 " Nat'l Bank of Redemption, Boston 

4 " Massachusetts Nat'l Bank, Boston 
15 " Atlas National Bank, Boston . 

8 u Shawmut National Bank, Boston 
20 " Nat'l Bank of Commerce, Boston 

5 " National Bank of Republic, Boston 
20 " Everett National Bank, Boston 

14 " Globe National Bank, Boston . 
63 " Old Colony Railroad 
Chicago and Eastern Illinois Railroad bonds 
Iowa Falls and Sioux City Railroad bonds 
Union Pacific Railroad (1st mort ) bonds 
Union Pacific land-grant bonds 
Union Pacific Sinking Fund bonds . 
Personal loans 



Securities held as collateral for cash loans: — 
3 shares Mashpee Manufacturing Co. 



Par value. 

$18,000 00 
2,500 00 
1,000 00 

750 00 
5,000 00 
3,000 00 
1,000 00 
1,500 00 
1,000 00 
1,500 00 

800 00 
2,000 00 

500 00 
2,000 00 
1,400 00 
6,300 00 
1,750 00 
2,000 00 
5,000 00 
5,000 00 
1,000 00 



Market value. 

$18,592 50 

2,812 50 

1,102 50 

600 00 

5,900 00 

2,992 50 

1,200 00 

1,786 87 

1,020 00 

1,575 00 

814 00 

1,545 00 

620 00 

1,800 00 

1,207 60 

6,111 00 

975 00 

2,010 00 

5,287 50 

5,368 75 

1,063 75 

5,591 20 

$69,975 57 



Market value. Loaned thereon. 

$495 00 $450 00 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens) . 8125 00 

Stocks, bonds, etc., as per schedule . 

Loans on collateral security, as per schedule 

Cash in the office of the company 

deposited in various banks 
Interest due and accrued 
Furniture and safes . . $250 00 

Gross Assets . 



69,975 57 




450 00 




884 14 




2,750 00 




739 76 






$74,924 47 



1878.] 



INSURANCE COMPANIES. 



9 



Liabilities. 

Losses and claims adjusted, but not due . 
Claims for losses disputed or resisted 
Unearned premiums on outstanding risks 
State and local taxes, due or accrued 
Gross Liabilities .... 



Surplus 



$2,600 00 

400 00 

36,903 87 

30 00 

$39,933 87 



$34,990 60 



Income. 

Cash premiums received during the year 
Received for interest on mortgages . 

for interest from all other sources 
Deposit notes received during the year . 



Gross Cash Income 



. $15,818 21 

6 12 

3,965 75 



$30,285 82 



Expenditures. 
Paid for losses during the year 

for salaries and fees of officers and employes 
for State and local taxes .... 

for profits or surplus on terminated policies 
for rents ....... 

for incidental expenses .... 



$19,790 08 



$8,227 19 

2,080 75 

154 27 

10,433 22 
100 00 
356 86 



Gross Cash Expenditures $21,352 29 



Miscellaneous. 

Risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Risks terminated during 1878 . 



Net amount in force Dec. 31, 1878 $5,274,814 00 

Deposit notes received on outstanding risks .... 147,615 46 

Losses incurred during the year 10,414 69 

Percentage of profits or surplus returned during 1878, 80 per cent. 
Average rate to date, 89 per cent. 



$5,287,717 00 
917,728 00 



>,205,445 00 
930,631 00 



BERKSHIRE MUTUAL FIRE INSURANCE COMPANY, 

PITTSFIELD. 

[Incorporated March, 1835. Commenced business August, 1835.] 

John C. West, President. Secretary, Albert B. Root. 



[Note. — Owing to the illness of the Secretary, the statement of this com- 
pany was not received in time to be incorporated in its proper order in this 
Report. It will be found in the Appendix.] 
2 



10 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



BOOT MANUFACTURERS' MUTUAL FIRE INSURANCE COM- 
PANY,* BOSTON. 

[Incorporated Aug. 31, 1876. Commenced business Sept. 1, 1876.] 

C. A. Grinnell, President. Secretary, T. F. Boynton. 

Office, No. 109 Summer Street. 

Summary of Assets, Dec. 31, 1878. 

Cash in the office of the company . . . $17 42 
deposited in the National Bank of Re- 
demption 2,358 84 

Premiums in course of collection (net) . . 509 76 

Unpaid assessments on deposit notes . . 8,123 53 

Interest due 3 10 

Office furniture and fixtures . . $300 00 

Gross Assets $11,012 65 

Liabilities. 

Claims for losses disputed or resisted . . $12,333 54 

Unearned premiums on outstanding risks . 1,852 56 

Due to other companies for re-insurance . 41 98 

Return premiums on cancelled policies . . 170 20 

State and local taxes, due or accrued . 7 66 

Rents and incidental expenses . . . 435 65 

Gross Liabilities 14,841 59 



Balance against the company $3,828 94 

Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . 
Received for interest from all sources 

from assessments on deposit notes 
Deposit notes received during the year . 



$3,786 06 
478 68 



$3,307 38 

80 46 

3,252 14 



$19,000 40 



Gross Cash Licome $6,639 98 

Expenditures. 

Paid for losses during the year $5,305 32 

Paid for brokerage and commissions 50 

for salaries and fees of officers and employes . . . 2,390 00 

for State and local taxes ...... 46 66 

for incidental expenses 658 99 



Gross Cash Expenditures 

Miscellaneous. 
Risks outstanding Dec. 31, 1877 
written during 1878 
Total 



$8,401 47 



$828,475 00 
512,750 00 



-$1,341,225 00 



Closing up. 



1878.] 



INSURANCE COMPANIES. 



11 



Risks terminated during 1878 . . . $870,325 00 

re-insured during 1878 .... 21,500 00 

Total deductions $891,825 00 

Net amount in force Dec. 31, 1878 . $449,400 00 

Deposit notes received on outstanding risks . . . . 16,710 00 

Losses incurred during the year . . .... 9,988 86 

Assessments laid on deposit notes 11,557 73 



BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE 

COMPANY, BOSTON. 

[Incorporated March 15, 1850. Commenced business Oct. 14, 1850.] 

Edward Atkinson, President. Secretary, William B. Whiting. 

Office, No. 131 Devonshire Street. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 
Brookline town bonds, 7s 
Boston city bonds, 6s 
Cambridge city bonds, 6s 
Lawrence city bonds, 6s . 
Holyoke city bonds, 6s . 
Manchester city bonds, 6s 
Lynn city bonds, 6s 
Somerville city bonds 



Par value. 

$125,000 00 
20,000 00 
30,000 00 
25,000 00 
35,000 00 
10,000 00 
20,000 00 
10,000 00 
25,000 00 



Market value. 

$132,406 25 

23,800 00 

30,675 00 

28,250 00 

38,850 00 

11,000 00 

21,900 00 

11,050 00 

26,150 00 



$300,000 00 $324,081 25 



Summary of Assets, Dec. 31, 1878. 

Stocks, bonds, etc., as per schedule . . $324,081 25 

Cash in the office of the company . . . 2,984 03 

deposited in the New England Bank . 56,524 61 

Interest accrued 4,697 95 

Office furniture .... $1,500 00 

Gross Assets $388,287 84 

Liabilities. 

Claimed and reported losses, not adjusted . $13,150 00 

Unearned premiums on outstanding risks . 173,352 56 

State and local taxes, due or accrued . . 652 12 

Gross Liabilities 187,154 68 

Surplus ' . $201,133 16 

Income. 

Gross cash premiums received during the year, $366,294 49 



Deduct return premiums and re-insurance 
Net cash premiums received . 



16,790 86 



$349,503 63 



12 MASSACHUSETTS MUTUAL FIRE [Dec. 31, 

Received for interest from all sources 818,500 45 

Deposit notes received during the year . .$1,831,472 45 

Gross Cash Income $368,004 08 

EXPENDITURE-. 

Paid for losses during the year $153,788 99 

for salaries, fees, and expenses of officers and employes, 30,186 01 

for State and local taxes . . . .... 1,615 96 

for profits or surplus on terminated policies . . . 194,922 93 

for rents '0 00 

for incidental expenses . . . .... 4,478 37 

Gross Cash Expenditures $386,492 26 

MlSCELLAXEOi 

Risks outstanding Dec. 31, 1S77 . . $41,792,000 00 
written during 1878 . . . 43,166,718 00 

Total $84,958,718 00 

Risks terminated during 1878 44.392.379 00 

Net amount in force Dec. 31, 1878 140,566,339 00 

Deposit notes received on outstanding risks .... 1,733,525 65 

Losses incurred during the year 44,728 05 

Percentage of profits or surplus returned during 1878, 53^^- per cent. 
Average rate to date, 65^^ per cent. 



BRISTOL COUNTY MUTUAL FIRE INSURANCE COMPANY. 

NEW BEDFORD. 

[Incorporated Feb. 29, 1829. Commenced bnsinees July 4, 1 

"William H. Taylor, President. Secretary, George N. Alden. 

Office, Xo. U North Water Street. 

[Note. — Policies are all issued for seven years. The premium is 
secured by notes assessable as required, and five per cent ou the notes 
is received in cash when the policy is issued.] 

Summary of A^et>. Dec. 31, 1878. 

Cash in the office of the company . 

deposited in the Mechanics' Nat'l Bank . 
Premiums in course of collection (net) . 

Gross Assets SI, 323 28 



Liabilities. 

Losses and claims adjusted, but not due . 

Owing for borrowed money 

State and local taxes, due or accrued 

Gross Liabilities 3 29 



-_ 


867 83 


19S 70 


8-200 00 


8,500 00 


8 29 



1878.] 



INSURANCE COMPANIES. 



13 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . 
Received for interest from all sources 
Deposit notes received during the year . 



Gross Cash Income 



$4,543 45 
104 08 



,345 00 



Expenditures. 
Paid for losses during the year 

for brokerage and commissions 

for salaries and fees of officers and employes 

for interest on borrowed money 

for State and local taxes . 

for incidental expenses . 



Gross Cash Expenditures 



Miscellaneous. 



Risks outstanding Dec. 31, 1877 
written during 1878 
Total .... 
Risks terminated during 1878 . 



Net amount in force Dec. 31, 1878 . 
Deposit notes received on outstanding risks 
Losses incurred during the year 



$5,439,250 00 
725,925 00 



$4,439 37 
13 33 



:,452 70 



$4,072 44 


131 49 


1,975 00 


481 53 


44 70 


259 02 



,964 18 



^6,165,175 00 
1,025,250 00 



^5,139,925 00 

659,713 00 

3,116 03 



CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY, 

CAMBRIDGE. 

[Incorporated March 13, 1833. Commenced business Jan. 1, 1834.] 

Rufus Lamson, President. Secretary, Alfred L. Barbour. 

Office, No. 555 Main Street, Cambridgeport. 



Detailed Statement of Stocks, 



5 shares Cambridgeport National Bank 
1 share Framingham National Bank 

15 shares National City Bank 

Cambridge city bonds 

Bath city bonds 

Portland city bonds 

Belfast city bonds . 

Cincinnati city bonds 

Marion county, 111., bonds 

Eastern Railroad bonds . 

Personal loans 



Bonds, Etc. 

Par value. 

$500 00 
100 00 
1,500 00 
10,900 00 
5,000 00 
9,000 00 
2,000 00 
6,000 00 
1,000 00 
1,500 00 



Market value. 

$750 00 
145 00 
2,250 00 
12,208 00 
5,150 00 
9,720 00 
2,040 00 
6,185 00 
1,050 00 
1,068 75 
3,350 00 



$43,916 75 



14 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens) . $45,983 00 

Stocks, bonds, etc., as per schedule . . . 43,916 75 

Cash in the office of the company . . . 621 71 

deposited in various banks . . . 8,797 63 

Premiums in course of collection (net) . . 1,709 32 

Interest due and accrued 1,962 09 

Office furniture .... $2,000 00 

Gross Assets 

Liabilities. 
Unearned premiums on outstanding risks . $38,096 06 
Dividends of profits unpaid on terminated poli- 
cies 184 13 

Gross Liabilities 

Surplus 



$102,990 50 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . 
Received for interest on mortgages . 

for interest from all other sources 

from sale of safe 
Deposit notes received during the year . 



Gross Cash Income 



820,910 42 
636 99 



$41,699 08 



Expenditures. 

Paid for losses during the year 

for brokerage and commissions 
for salaries and fees of officers and employes 
for State and local taxes .... 
for profits or surplus on terminated policies 

for rents 

for incidental expenses .... 



Gross Cash Expenditures $19,785 93 



38,280 19 



,710 31 



$20,273 43 


2,629 29 


2,247 01 


150 00 


$25,299 73 


$3,086 53 


1,714 09 


3,666 68 


215 78 


9,036 88 


512 50 


1,553 47 



Miscellaneous. 

Risks outstanding Dec. 31, 1877 . . .$4,984,81100 

1,612,879 00 
Total .... 
Risks terminated during 1878 . 



Net amount in force Dec. 31, 1878 

Deposit notes received on outstanding risks 

Losses incurred during the year 

Percentage of profits or surplus returned during 1878, 30-40-50 per cent. 



$6,597,690 00 
1.515,934 00 



. $5,081,756 00 

. 107,074 13 

3,086 53 



1878.] 



INSURANCE COMPANIES. 



15 



CITIZENS' MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated April 7, 1846. Commenced business Oct. 5, 1846.] 

H. C. Bigelow, President. Secretary, J. W. Peabody. 

Office, No. 1*2 Congress Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

6 shares Boston and Lowell Railroad . . $3,000 00 $1,800 00 

30 shares Hide and Leather National Bank . 3,000 00 3,022 50 

United States bonds 53,000 00 56,445 00 

Personal loans - 9,690 63 



Summary of Assets, Dec 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 

deposited in the Maverick National Bank 
Premiums in course of collection (net) . 
Interest due and accrued 

Gross Assets 

Liabilities. 

Claimed and reported losses, not adjusted 
Claims for losses disputed or resisted 
Unearned premiums on outstanding risks 
Rents ....... 

Gross Liabilities .... 



31, 1878. 

$52,350 00 

94,989 00 

70,958 13 

114 61 

13,380 84 

4,470 45 

3,307 52 



$3,150 00 

500 00 

153,530 04 

320 83 



Surplus 

Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . . . . 
Received for interest on mortgages . 

for interest from all other sources 

for rents 

Deposit notes received during the year . 



$83,399 51 
5,322 91 



$155,846 44 



Gross Cash Income 



Expenditures. 
Paid for losses during the year 

for brokerage and commissions 
for salaries and fees of officers and employes 
for State and local taxes .... 
for profits or surplus on terminated policies 

for rents 

for incidental expenses .... 

Gross Cash Expenditures .... 



$70,958 13 



,570 55 



157,500 87 
$82,069 68 



$78,076 60 

5,289 68 

6,541 51 

489 96 



,397 75 



$20,546 13 
11,802 65 
6,869 11 
1,266 19 
50,329 98 
4,675 00 
1,764 55 

$97,253 61 



16 MASSACHUSETTS MUTUAL FIRE [Dec. 31, 

Miscellaneous. 
Risks outstanding Dec. 31, 1877 . . $21,196,399 00 
written during 1878 . . . 6,045,166 00 

Total 827,241,565 00 

Risks terminated during 1878 6,206.860 00 

Net amount in force Dec. 31, 1878 $21,034,705 00 

Deposit notes received on outstanding risks .... 378,879 90 

Losses incurred during the year 24,196 13 

Percentage of profits or surplus returned during 1878, 50 X 60 X 80 per cent. 



COHASSET MUTUAL FIRE INSURANCE COMPANY, 

COHASSET. 

[Incorporated March 18, 1845. Commenced Business March 1, 1846.] 

Martin Lincoln, President. Secretary, J. Q. A. Lothrop. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

9 shares National City Bank, Boston . . $900 00 §919 50 

3 shares Merchants' National Bank, Boston . 300 00 367 50 

Cohasset town note - 500 00 



81,817 00 



Summary of Assets, Dec. 31, 1878. 

Stocks, bonds, etc., as per schedule . . §1,817 00 

Cash in the office of the company ... 98 50 

deposited in the Hingham Savings Inst'n, 1,112 99 

deposited in the Cohasset Savings Bank . 236 69 

Premiums in course of collection (net) . . 28 95 

Interest due and accrued . . . . . 97 71 
Office furniture and safe . . . $140 00 

Gross Assets §3,391 84 

Liabilities. 

Unearned premiums on outstanding risks . $3,126 10 

Gross Liabilities 3,126 10 



Surplus $265 74 

Income. 

Cash premiums received during the year .... $697 96 

Received for interest from all sources 177 46 

from policy fees 54 00 

Deposit notes received during the year . . $2,617 56 

Gross Cash Income . §929 42 



1878.] INSURANCE COMPANIES. 17 

Expenditures. 

Paid for losses during the year $1,775 12 

for brokerage and commissions 39 39 

for salaries and fees of officers and employes . . . 333 70 

for State and local taxes 8 50 

for profits or surplus on terminated policies . . . 214 90 

for rents 40 00 

for incidental expenses 31 57 

Gross Cash Expenditures $2,443 18 

Miscellaneous. 
Risks outstanding Dec. 31, 1877 . . . $382,975 00 
written during 1878 .... 41,525 00 

Total $424,500 00 

Risks terminated during 1878 47,853 00 

Net amount in force Dec. 31, 1878 $376,647 00 

Deposit notes received on outstanding risks .... 25,480 24 

Losses incurred during the year 11 62 

Percentage of profits or surplus returned during 1878, 10-15-30 per cent. 
Average rate to date, 50 per cent. 



COTTON AND WOOLEN MANUFACTURERS' MUTUAL IN- 
SURANCE COMPANY OF NEW ENGLAND, BOSTON. 

[Incorporated Oct. 19, 1875. Commenced business Oct. 20, 1875.] 

William C. Plunkett, President. Secretary, B. F. Taft. 

Office, No. 131 Devonshire Street. 

Summary of Assets, Dec. 31, 1878. 



United States registered bonds 
Cash in the office of the company . 

deposited in the Eliot National Bank 
Premiums in course of collection (net) . 
Gross Assets 

Liabilities. 

Losses adjusted, but not due . 
Unearned premiums on outstanding risks 
State and local taxes, due or accrued 
Gross Liabilities .... 



Surplus 

Income. 

Cash premiums received during the year 
Received for interest from all sources 

for rents 

Deposit notes received during the year 



Gross Cash Income 
3 



$10,200 00 

192 52 

2,455 00 

2,276 20 



$25 00 

7,968 39 

43 85 



$83,141 86 



$15,123 72 



8,037 24 



$7,086 48 

$15,229 71 
295 71 
166 67 


$15,692 09 



18 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Expenditures. 

Paid for losses during the year 

for salaries and fees of officers and employes 
for State and local taxes 
for profits or surplus on terminated policies 
for rents ...... 

for incidental expenses .... 



Gross Cash Expenditures 



§1, 556 45 


2,909 31 


157 46 


2,704 90 


751 17 


1,853 61 



$9,932 90 



Miscellaneous. 



Risks outstanding Dec. 31, 1877 
written during 1878 
Total .... 
Risks terminated during 1878 . 



$1,106,234 00 
1,466,929 00 



$2,573,163 00 

. 1,065,037 00 



Net amount in force Dec. 31, 1878 $1,508,126 00 

Deposit notes received on outstanding risks .... 83,141 86 

Losses incurred during the year . . .... 1,576 60 

Percentage of profits or surplus returned during 1878, 20}^ per cent. 



DEDHAM MUTUAL FIRE INSURANCE COMPANY, DEDHAM. 

[Incorporated Feb. 22, 1837. Commenced business July 1, 1S37.] 

George B. Faunce, President. Secretary, Preston R. Mansfield. 
Detailed Statement of Stocks, 

United States bonds .... 

Chicago city bonds 

Cincinnati city bonds .... 
New England Mortgage Security bonds . 
Philadelphia and Reading Railroad bonds 
Marquette and Ontonagon Railroad 1st mort. 
12 shares Dedham National Bank . 
Old Colony Railroad bonds 



B, Bonds, Etc 




Par value. 


Market value. 


. $6,000 00 


$6,300 00 


2,000 00 


2,160 00 


6,000 00 


6,300 00 


6,000 00 


6,360 00 


5,000 00 


5,000 00 


8,000 00 


8.000 00 


1,200 00 


1.320 00 


2,000 00 


2.120 00 


836,200 00 


§37,560 00 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens) . $14,300 00 
Stocks, bonds, etc., as per schedule . 
Cash in the office of the company . 

deposited in the Dedham National Bank, 
Premiums in course of collection (net) . 
Interest due and accrued .... 
Gross Assets 



37,560 00 


1,191 44 


3,937 57 


782 26 


1,248 62 



$59,019 89 



1878.] 



INSURANCE COMPANIES. 



19 



Liabilities. 

Unearned premiums on outstanding risks 
Return premiums on cancelled policies . 
Dividends of profits unpaid on terminated 

policies 

State and local taxes, due or accrued 

Salaries 

Gross Liabilities .... 



Surplus 



$10,698 00 
13 35 

1,590 53 

29 36 

250 00 



$12,581 24 
$46,438 65 



Income. 

Cash premiums received during the year 
Received for interest on mortgages . 

for interest from all other sources 
Deposit notes received during the year . 

Gross Cash Income .... 



$17,920 64 



$,153 28 

971 25 

2,273 52 



. $12,398 05 



Expenditures. 

Paid for losses during the year 

for brokerage and commissions 
for salaries and fees of officers and employe's 
for State and local taxes .... 
for profits or surplus on terminated policies 

for rents 

for incidental expenses .... 



Gross Cash Expenditures . 



$581 75 

1,344 88 

1,387 84 

128 78 

2,785 61 

210 00 

282 32 

£6,721 18 



,114,056 12 
572,769 00 



Miscellaneous. 

Risks outstanding Dec. 31, 1877 
written during 1878 
Total .... 
Risks terminated during 1878 

Net amount in force Dec. 31, 1878 

Deposit notes received on outstanding risks 

Losses incurred during the year 

Percentage of profits or surplus returned during 1878, 33^-50 per cent. 



-$1,686,825 12 
. 443,353 75 

. $1,243,471 37 

42,792 02 

581 75 



20 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



DORCHESTER MUTUAL FIRE INSURANCE COMPANY, 

BOSTON. 

[Incorporated February, 1855. Commenced business July 2, 1856.] 

Edmund J. Baker, President. Secretary, William F. Temple. 

Office at Neponset. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 
75 shares Blue Hill National Bank 
30 " Columbian National Bank 
20 " Howard National Bank . 
20 " Continental National Bank 
12 " Hide and Leather National Bank 
10 " New England National Bank . 

213 " Boston and Albany Railroad Co. 

140 " Old Colony Railroad Company 

Boston and Lowell Railroad bonds . 

Old Colony Railroad bonds 

Foxborough town loan .... 



Par value. 

$24,100 00 
7,500 00 
3,000 00 
2,000 00 
2,000 00 
1,200 00 
1,000 00 
21,300 00 
14,000 00 
5,000 00 
6,000 00 



Market value. 

$25,232 00 

6,750 00 

4,050 00 

2,000 00 

1,800 00 

1,212 00 

1,300 00 

27,690 00 

13,580 00 

5,200 00 

6,375 00 

6,000 00 

8101,189 00 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule 
Cash deposited in various banks 
Premiums in course of collection (net) 
Interest due and accrued 

Gross Assets .... 

Liabilities. 

Adjusted losses and claims, due and unpaid 
Losses and claims adjusted, but not due . 
Unearned premiums on outstanding risks 
Gross Liabilities .... 



Surplus $78,053 97 



$25,000 00 

25,000 00 

101,189 00 

14,216 06 

5,234 49 

2,002 33 



$930 00 

816 08 

92,841 83 



$172,641 88 



94,587 91 



Income. 

Gross cash premiums received during the year, $38,363 24 
Deduct return premiums and re-insurance . 1,355 82 

Net cash premiums received .... 

Received for interest on mortgages 

for interest from all other sources .... 

for rents 

Deposit notes received during the year . . $76,726 48 



$37,007 42 

737 08 

5,371 78 

682 38 



Gross Cash Income $43,798 66 



1878.] 



INSURANCE COMPANIES. 



21 



Expenditures. 

Paid for losses during the year $17,612 40 

for brokerage and commissions 6,207 28 

for salaries and fees of officers and employes . . . 4,918 46 

for State and local taxes 682 95 

for profits or surplus on terminated policies . . . 12,104 14 

for rents 300 00 

for incidental expenses 1,121 12 

Gross Cash Expenditures $42,946 35 

Miscellaneous. 

Risks outstanding Dec. 31, 1877 . . $11,011,243 00 
written during 1878 . . . 2,597,574 00 

Total $13,608,817 00 

Risks terminated during 1878 2,754,691 00 

Net amount in force Dec. 31, 1878 $10,854,126 00 

Deposit notes received on outstanding risks .... 246,567 44 

Losses incurred during the year 13,011 81 

Percentage of profits or surplus returned during 1878, 15-25 X 40 per cent. 



ESSEX MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated June 11, 1829. Commenced business Sept. 5, 1829.] 

Stephen B. Ives, President. Secretary, Charles S. Nichols. 

Office, No. 97 Washington Street. 



Detailed Statement of Stocks, 

United States 5-20 registered bonds 

United States 5-20 registered bonds, 1881 

Oregon war loan 

Springfield city bonds, 7s 

Cleveland city bonds, 7s 

Cleveland city bonds, 6s 

Toledo city bonds, 8s 

Toledo city bonds, 7s 

Chicago city bonds, 7s 

Chicago city bonds, 6s 

Cincinnati city bonds, 7 T 3 ¥ s 

Cincinnati city bonds, 6s 

Newburyport city bonds, 6s 

Portland city bonds, 6s . 

Hartford city bonds, 6s . 

Brooklyn city bonds, 6s . 

St. Louis county bonds, 6s 

Louisville city bonds, 6s . 

Fall River city bonds, 6s 



Jonds, Etc. 




Par value. 


Market value. 


$1,000 00 


$1,050 00 


500 00 


540 00 


1,000 00 


1,050 00 


1,000 00 


1,180 00 


1,000 00 


1,120 00 


1,000 00 


1,020 00 


1,000 00 


1,100 00 


1,000 00 


1,050 00 


1,000 00 


1,085 00 


1,000 00 


1,000 00 


1,000 00 


1,070 00 


1,000 00 


1,020 00 


1,000 00 


1,100 00 


1,000 00 


1,040 00 


1,000 00 


1,020 00 


1,000 00 


1,020 00 


1,000 00 


1,060 00 


1,000 00 


960 00 


1,000 00 


1,100 00 



22 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



St. Louis city bonds, 6s . 
Medford town bonds, 6s . 

14 shares Salem National Bank 
11 " Asiatic National Bank 

15 " Cambridge Horse Railroad 
Old Colony Railroad bonds, 7s 
Central Pacific Railroad bonds, 7s 
Michigan Central Railroad bonds, 8s 
Essex Railroad bonds, 6s 
Eastern Railroad bonds . 
20 shares Salem Cias Light Company 

16 u Lynn Gas Light Company 



$1,000 00 
1,000 00 
1,400 00 
330 00 
1,500 00 
1,000 00 
1,000 00 
1,000 00 
1,500 00 
2,000 00 
2,000 00 
1,600 00 



$1,080 00 
1,100 00 
1,400 00 

396 00 
1,725 00 
1,150 00 
1,025 00 

950 00 
1,350 00 
1,420 00 
1,620 00 
1,120 00 



$33,830 00 $33,921 00 



Summary of Assets, Dec. 31, 1878. 



Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
Premiums in course of collection (net) 
Interest accrued .... 
Gross Assets .... 



Liabilities. 
Unearned premiums on outstanding risks 
Dividends of profits unpaid on terminated poll 

cies 

State and local taxes, due or accrued 
Salaries and incidental expenses 

Gross Liabilities .... 



Surplus 



$33,921 00 

1,398 33 

81 50 

552 32 



$10,121 89 

185 86 

6 93 

219 17 



$35,953 15 



10,533 85 
$25,419 30 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . 
Received for interest from all sources 
Deposit notes received during the year . 

Gross Cash Income .... 



$2,828 83 
104 24 



1,477 23 



$2,724 59 
2,094 20 



$4,818 79 



Expenditures. 

Paid for losses during the year 

for brokerage and commissions 
for salaries and fees of officers and employes 
for State and local taxes .... 
for profits or surplus on terminated policies 
for incidental expenses .... 



Gross Cash Expenditures . 



$25 


00 


20 


22 


857 


50 


21 


65 


2,013 02 


27 


25 



$2,964 64 



1878.] 



INSURANCE COMPANIES. 



23 



Miscellaneous. 

Risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Risks terminated during 1878 . 



Net amount in force Dec. 31, 1878 . 

Deposit notes received on outstanding risks 

Losses incurred during the year 

Percentage of profits or surplus returned during 1878, 40 per cent. 



$963,250 00 
162,650 00 



1,125,900 00 
221,300 00 

$904,600 00 

60,731 34 

25 00 



FALL RIVER MANUFACTURERS' MUTUAL FIRE INSURANCE 
COMPANY, FAL£ RIVER. 

[Incorporated Feb. 17, 1870. Commenced business May 1, 1870.] 

Stephen Da vol, President. Secretary, Isaac B. Chace. 

Office, Section " C," Granite Block. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Old Colony Railroad bonds, 7s $10,000 00 $11,500 00 

Fall River city bonds, 6s 

Worcester city bonds, 6s 

Lawrence city bonds, 6s . 

Boston city bonds, 6s 

United States bonds, 4^-s 



Summary of Assets, Dec. 31, 1878. 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 

deposited in B. M. C. Durfee & Co.'s 

bank 

deposited in the Fall River Savings Bank, 
Premiums in course of collection (net) . 

Interest accrued 

Office furniture .... $500 00 
Gross Assets 

Liabilities. 
Adjusted losses and claims, unpaid . 
Claimed and reported losses, not adjusted 
Unearned premiums on outstanding risks 
Dividends of profits unpaid on terminated 
policies ....... 

State and local taxes, due or accrued 
Rents, salaries, and incidental expenses . 

Gross Liabilities 

Surplus 



6,000 00 


6,600 00 


1,000 00 


1,100 00 


5,000 00 


5,500 00 


5,000 00 


5,750 00 


10,000 00 


10,400 00 


$37,000 00 


$40,850 00 


1, 1878. 




$40,850 00 




609 85 




39,163 41 




5,139 18 




440 90 




779 41 






$86,982 75 




$1,461 95 




153 15 




38,285 66 




5,932 23 




136 10 




362 01 






46,331 10 





,651 65 



24 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Income. 

i 

Gross cash premiums received during the year, $85,784 27 
Deduct return premiums and re-insurance . 7,4G2 71 

Net cash premiums received .... 

Received for interest from all sources 

Deposit notes received during the year . . $428,921 35 



Gross Cash Income 



878,321 56 
3,635 22 

$81,956 78 



Expenditures. 



Paid for losses during the year .... 

for salaries and fees of officers and employe's . 
for State and local taxes ..... 

for profits or surplus on terminated policies . 
for rents ........ 

for incidental expenses 



857,776 62 

4,009 92 

781 06 

12,150 11 

276 00 

920 82 



Gross Cash Expenditures S75,914 53 



Miscellaneous. 



Risks outstanding Dec. 31, 1877 
written during 1878 
Total .... 
Risks terminated during 1878 



$8,602,684 81 
9,200,059 91 



$17,802,744 72 
9,642,431 99 



Net amount in force Dec. 31, 1878 $8,160,312 73 

Deposit notes received on outstanding risks . . . 382,856 65 
Losses incurred during the year ..... 20,610 55 

Percentage of profits or surplus returned during 1878, 13| per cent. 
Average rate to date, 42-j- per cent. 



FITCHBURG MUTUAL FIRE INSURANCE COMPANY, FITCH- 
BURG. (First Class.) 

[Incorporated March 23, 1847. Commenced business Sept. 1, 1847.] 
L. H. Bradford, President. Secretary, E. P. Dowxe. 

Office, Savings-Bank Block. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds .... 
50 shares Boston, Clinton, and Fitchburg R.R 
Agricultural Branch Railroad bonds 
8 shares Lancaster National Bank . 
Boston city bonds (gold) 



Par value. 


Market value. 


. $1,000 00 


$1,000 00 


5,000 00 


5,000 00 


3,000 00 


3,000 00 


800 00 


1,000 00 


5,000 00 


5,000 00 


814,800 00 


$15,000 00 



1878.] 



INSURANCE COMPANIES. 



25 



Securities held as collateral for cash loans : — 



10 shares Safety Fund National Bank 
Personal loans .... 



Summary of Assets, Dec. 31, 1878. 

Cash value of unencumbered real estate . . $21,450 00 

Loans on mortgage of real estate (first liens) . 81,790 00 

Stocks, bonds, etc., as per schedule . . . 15,000 00 

Loans on collateral security, as per schedule . 14,425 00 

Cash deposited in various banks . . . 5,465 42 

Premiums in course of collection (net) . . 2,312 67 

Interest due and accrued .... 2,765 95 

Due from other companies .... 600 00 

Gross Assets 

Liabilities. 

Losses and claims adjusted, but not due . . $6,431 19 

Claimed and reported losses, not adjusted . 5,400 00 

Unearned premiums on outstanding risks . 106,115 47 
Dividends of profits unpaid on terminated 

policies 1,006 55 

State and local taxes, due or accrued . . 145 30 

Rents, salaries, and incidental expenses . . 279 32 

Gross Liabilities 



Market value. Loaned thereon. 

$1,000 00 $1,000 00 
13,425 00 



$14,425 00 



$143,809 04 



119,377 83 
$24,431 21 



Surplus 

Income. 

Gross cash premiums received during the year . . . $55,149 90 

Received for interest from all sources 7,270 84 

Deposit notes received during the year . . $54,844 34 

Gross Cash Income $62,420 74 

Expenditures. 

Paid for losses during the year $26,090 93 

for brokerage and commissions ..... 4,925 83 

for salaries and fees of officers and employes . . . 3,265 29 

for State and local taxes 525 84 

for profits or surplus on terminated policies . . . 29,295 75 

for rents 470 36 

for incidental expenses 1,308 96 

Gross Cash Expenditures $65,882 96 

Miscellaneous. 

Risks outstanding Dec. 31, 1877 . 
written during 1878 
Total 



Risks terminated during 1878 
Net amount in force Dec. 31, 1878 



$14,683,882 00 
3,763,980 00 



- $18,447,862 00 
. 4,348,029 00 

. $14,099,833 00 



26 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Deposit notes received on outstanding risks . . . $212,230 93 

Losses incurred during the year .... . 34,812 25 

Percentage of profits or surplus returned during 1878, 25 X 50 per cent. 



FITCHBURG MUTUAL FIRE INSURANCE COMPANY, FITCH- 
BURG. (Second Class.) 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Agricultural Branch Railroad bonds . . $3,000 00 $3,000 00 
50 shares B., C, F., and N. B. R.R. pref. . 5,000 00 5,000 00 



Securities held as collateral for cash loans : — 



2 shares Putman Machine Company 
80 shares Wakefield Rattan Company 
United States bonds and savings-banks books 
60 shares Fitchburg Gas Company . 
Personal notes 



Summary of Assets, Dec 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash deposited in the Rollstone Nat'l Bank 
Premiums in course of collection (net) . 
Interest due and accrued .... 
Gross Assets 

Liabilities. 

Unearned premiums on outstanding risks . $9,007 10 
Dividends of profits unpaid on terminated 

policies 217 77 

State and local taxes, due or accrued . . 43 05 

Rents, salaries, and incidental expenses . 76 59 

Gross Liabilities .... 



.000 00 


$8,000 00 


Market value. 


Loaned thereon. 


. $1,800 00 


$1,500 00 


8,000 00 


6,400 00 


275 00 


180 00 


5,600 00 


5,600 00 


. 


11,668 69 




$25,348 69 


. 31, 1878'. 




. $14,927 00 




33,535 59 




8,000 00 




. 25,348 69 




2,575 61 




2,515 79 




1,234 61 






$88,137 29 



Surplus 



9,344 51 



,792 78 



Income. 

Cash premiums received during the year . 
Received for interest from all sources 
Deposit notes received during the year . 



. $15,241 61 
5,067 08 
. $15,230 46 



Gross Cash Income $20,308 69 



1878.] 



INSURANCE COMPANIES. 



27 



Expenditures. 

Paid for losses during the year 

for brokerage and commissions 
for salaries and fees of officers and employes 
for State and local taxes .... 
for profits or surplus on terminated policies 

for rents 

for incidental expenses .... 



Gross Cash Expenditures $19,123 20 



Miscellaneous. 
Risks outstanding Dec. 31, 1877 
written during 1878 
Total .... 
Risks terminated during 1878 . 



$13,966 91 


1,434 24 


911 48 


124 71 


2,150 88 


134 39 


400 59 



Net amount in force Dec. 31, 1878 

Deposit rifctes received on outstanding risks 

Losses incurred during the year 

Percentage of profits or surplus returned during 1878, 20 per cent. 



$849,438 00 
937,006 00 



$1,786,444 00 
731,313 00 

$1,055,131 00 
18,014 20 
13,966 91 



FRANKLIN MUTUAL FIRE INSURANCE COMPANY, GREEN- 
FIELD. (First Class.) 

[Incorporated Feb. 11, 1828. Commenced business Sept. 12, 1829.] 

William Keit*h, President. Secretary, Gorham D. Williams. 



Summary of Assets, Dec 

United States bonds 
Cash in the office of the company . 
Premiums in course of collection (net) 
Interest accrued . . 

Gross Assets .... 

Liabilities. 
Unearned premiums on outstanding risks 
State and local taxes, due or accrued 

Gross Liabilities .... 



31, 1878. 



Surplus 



$7,500 00 




214 13 




1,450 45 




150 00 






$9,314 58 




$7,495 20 




1 79 






7,496 99 





Income. 
Gross cash premiums received during the year, $4,767 36 
Deduct return premiums and re-insurance . 517 45 

Net cash premiums received .... 

Received for interest from all sources 

Deposit notes received during the year . . $14,302 08 

Gross Cash Income 



,817 59 



:,249 91 
304 67 



t,554 58 



28 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Expenditures. 
Paid for losses during the year 

for brokerage and commissions 

for salaries and fees of officers and employe's 

for State and local taxes .... 

for profits or surplus on terminated policies 
for rents ....... 

for incidental expenses .... 

Gross Cash Expenditures .... 

Miscellaneous. 

Risks outstanding Dec. 31, 1877 . . . $861,118 00 

written during 1878 .... 384,608 00 

Total 



*1,744 91 


421 


85 


508 


50 


39 


73 


92 


03 


75 00 


113 98 



$2,996 00 



$1,245,726 00 



Risks terminated during 1878 110,258 00 

Net amount in force Dec. 31, 1878 $1,135,468 00 

Deposit notes received on outstanding risks .... 37,609 23 

Losses incurred during the year * 1,744 91 

Percentage of profits or surplus returned during 1878, 20 per cent. 



FRANKLIN MUTUAL FIRE INSURANCE COMPANY, GREEN- 
FIELD. (Second Class.) 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

160 shares Greenfield Gas Light Company 
17 shares Shelburne Falls National Bank 
United States bonds .... 
Personal note 



Summary of Assets, Dec. 31, 1878. 
Loans on mortgage of real estate (first liens) . 
Stocks, bonds, etc., as per schedule . 
Cash in the office of the company . 

deposited in the First National Bank, 

Greenfield 

Premiums in course of collection (net) . 
Interest due and accrued .... 

Office furniture .... $500 00 

Gross Assets 

Liabilities. 
Claimed and reported losses, not adjusted 
Claims for losses disputed or resisted 
Unearned premiums on outstanding risks 

Gross Liabilities 

Balance against the company $4,384 44 



$8,000 §0 


$6,560 00 


1,700 00 


2,040 00 


2,000 00 


2,000 00 


- 


225 41 


$11,700 00 


$10,825 41 


1, 1878. 




$2,100 00 




10,825 41 




137 99 




52 98 




1,074 97 




102 90 






$14,294 25 




$618 00 




607 00 




17,453 69 






18,678 69 





1878.] INSURANCE COMPANIES. 29 

Income. 

Premiums received during the year $98 03 

Received for interest on mortgages 165 00 

for interest from all other sources .... 1,348 00 

Gross Cash Income $1,611 03 

Expenditures. 

Paid for losses during the year $5,440 63 

for salaries and fees of officers and employe's . . . 374 50 

for interest on borrowed money 15 84 

for State and local taxes 117 61 

for profits or surplus on terminated policies ... 7 38 

for rents 75 00 

for incidental expenses 115 34 

Return premiums 241 20 

Gross Cash Expenditures $6,387 50 

Miscellaneous. 

Risks outstanding Dec. 31, 1877 . . . $3,909,141 00 
written during 1878 .... 9,900 00 

Total $3,919,04100 

Risks terminated during 1878 1,177,347 00 

Net amount in force Dec. 31, 1878 ..... $2,741,694 00 

Deposit notes received on outstanding risks .... 69,814 76 

Losses incurred during the year 3,201 66 



GRANBY MUTUAL FIRE INSURANCE COMPANY, GRANBY. 

[Incorporated Aug. 31, 1877. Commenced business Aug. 31, 1877.] 

S. M. Cook, President. Secretary, Charles E. Hunt. 

[Note. — Insures property in the town of Granby only.] 



Summary op Assets, Dec 
Cash in the office of the company . 

deposited in the Holyoke Savings Bank 
Premiums in course of collection (net) 

Gross Assets 



31, 1878. 



$0 73 

510 25 

4 29 



$515 27 



Income. 

Cash premiums received during the year .... $77 96 

Received for interest from all sources 10 82 

Deposit notes received during the year . . $659 25 

Gross Cash Income $88 78 



30 MASSACHUSETTS MUTUAL FIRE [Dec. 31, 

Expenditures. 

Paid for State taxes $0 88 

for incidental expenses ....... 35 

Gross Cash Expenditures $1 23 

Miscellaneous. 

Risks outstanding Dec. 31, 1877 . . . §108,455 00 
written during 1878 .... 16,850 00 



Total 
Risks terminated during 1878 



Net amount in force Dec. 31, 1878 

Deposit notes received on outstanding risks 

Highest rate of interest received during the year, 5 per cent. 



5,305 00 
21,900 00 

.$103,405 00 
4,501 22 



GROVELAND MUTUAL FIRE INSURANCE COMPANY, 

GROYELAND. 

[Incorporated March 28, 1828. Commenced business March 28, 1828.] 

Moses Foster, President. Secretary, Nathaniel H. Griffith. 

Office, No. 2 Common Street. 

[Note. — This company charges no cash premium, but relies upon 
assessments on deposit notes to pay losses and expenses.] 

Summary of Assets, Dec. 31, 1878. 

Cash in the office of the company . . . 8100 71 

Gross Assets 8100 71 

Liabilities. 
Claimed and reported losses, not adjusted . $ 700 00 

Gross Liabilities 8700 00 

Income. 
Received from assessments on deposit notes .... $5,577 92 

from policy fees 280 00 

Borrowed money §1,010 00 

Deposit notes received during the year . . 13,658 50 

Gross Cash Income $5,857 92 

Expenditures. 

Paid for losses during the year SI, 400 00 

for commissions 140 00 

for salaries and fees of officers and employes . . . 385 00 

for interest on borrowed money 184 96 

for State and local taxes 51 80 

for collecting assessments 327 23 

for incidental expenses 239 17 

borrowed money §4,125 00 

Gross Cash Expenditures $2,728 16 



1878.] 



INSURANCE COMPANIES. 



31 



Miscellaneous. 

Risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Risks terminated during 1878 . 

Net amount in force Dec. 31, 1878 . 
Deposit notes received on outstanding risks 
Losses incurred during the year 
Assessments laid on deposit notes . 



L,361,146 00 
245,805 00 



$1,606,951 00 
270,140 00 

$1,336,811 00 

70,442 96 

1,000 00 

5,046 21 



HAMPSHIRE MUTUAL FIRE INSURANCE COMPANY, 
NORTHAMPTON. 

[Incorporated March 6, 1830. Commenced business July 1, 1832.] 

George W. Hubbard, President. Secretary, Oliver Walker. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

53 shares Connecticut River Railroad . . $5,300 00 $7,420 00 

20 shares Northampton National Bank . . 2,000 00 2,020 00 

United States bonds 24,000 00 25,590 00 

Personal loan - 150 00 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens) . $11,200 00 

Stocks, bonds, etc., as per schedule . . 35,180 00 

Cash in the office of the company . . . 273 02 

deposited in the Northampton Nat'l Bank, 4,986 04 

Interest due and accrued .... 1,088 06 
Office furniture and safe . . . $500 00 

Gross Assets 

Liabilities. 

Unearned premiums on outstanding risks . $21,747 90 
Dividends of profits unpaid on terminated 

policies 306 60 

State and local taxes, due or accrued . . 20 19 

Rents, salaries, and incidental expenses . . 122 00 

Gross Liabilities .... 



Surplus 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . 



$11,681 33 
329 02 



$35,180 00 



$52,727 12 



22,196 69 
$30,530 43 



$11,352 31 



32 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Received for interest on mortgages $1,160 01 

for interest from all other sources .... 2,057 21 
Deposit notes received during the year . . $35,043 99 

Gross Cash Income $14,569 53 

Expenditures. 
Paid for losses during the year 

for brokerage and commissions 
for salaries and fees of officers and employes 
for State and local taxes .... 
for profits or surplus on terminated policies 

for rents 

for incidental expenses .... 



$5,652 31 


1,033 28 


1,478 83 


99 13 


5,202 48 


150 00 


478 47 



Gross Cash Expenditures $14,094 50 

■ 

Miscellaneous. 
Risks outstanding Dec. 31, 1877 . . .$3,339,339 00 



written during 1878 
Total 



919,070 00 



$4,258,409 00 



Risks terminated during 1878 1,061,125 00 

Net amount in force Dec. 31, 1878 $3,197,284 00 

Deposit notes received on outstanding risks . 101,827 41 

Losses incurred during the year 5,652 31 

Percentage of profits or surplus returned during 1878, 40 per cent. 



HINGHAM MUTUAL FIRE INSURANCE COMPANY, 

HINGHAM. 

[Incorporated March 4, 1826. Commenced business Sept. 1, 1826.] 

Amos Bates, President. Secretary, Henry W. Cushing. 



Detailed Statement of 



United States bonds 

Rhode Island state bonds, 6s 

Maine state bonds, 6s 

Portland city bonds, 6s . 

Plymouth water scrip 

Hull town note 

57 shares Hingham National Bank 

60 

15 

10 

19 

29 

12 



Old Colony National Bank 
Abington National Bank 
Globe National Bank 
Hamilton National Bank 
Eagle National Bank 
Union National Bank 



Stocks, Bonds, Etc. 

Par value. 

$44,000 00 
3,000 00 
15,000 00 
3,000 00 
4,000 00 
3,500 00 
3,990 00 
6,000 00 
1,500 00 
1,000 00 
1,900 00 
2,900 00 
1,200 00 



Market value. 

$45,741 87 
3,450 00 
16,875 00 
3,247 50 
4,000 00 
3,500 00 
3,990 00 
7,500 00 
1,800 00 
862 50 
1,933 25 
2,900 00 
1,506 00 



1878.] 



INSURANCE COMPANIES. 



33 



84 shares State National Bank 

26 " North America National Bank 

15 " Commerce National Bank 

45 " Webster National Bank . 

92 " Old Colony Railroad 

76 " Boston and Albany Railroad 

Boston and Albany Railroad bonds, 7s 

Boston and Lowell Railroad bonds, 7s 

Boston and Maine Railroad bonds, 7s 

Eastern Railroad bonds . 



$3,400 00 
2,600 00 
1,500 00 
4,500 00 
9,200 00 
7,600 00 
5,000 00 
10,000 00 
10,000 00 
5,000 00 



$3,672 00 
2,340 00 
1,155 00 
4,230 00 
8,924 00 
9,804 00 
5,900 00 
11,362 50 
11,650 00 
3,562 50 



$149,790 00 $159,906 12 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule . 
Cash in the office of the company . 

deposited in various banks 
Premiums in course of collection (net) 
Interest due and accrued 

Gross Assets .... 

Liabilities. 

Losses and claims adjusted, but not due . 
Claimed and reported losses, not adjusted 
Claims for losses disputed or resisted 
Unearned premiums on outstanding risks 
Taxes, due or accrued .... 

Salaries 

Gross Liabilities .... 



Surplus 



Income. 

Cash premiums received during the year . 
Received for interest on mortgages . 

for interest from all other sources 

for rents ..... 

from policy fees 

from conscience fund 
Deposit notes received during the year . 



Gross Cash Income $66,681 98 



$4,000 00 

141,300 00 

159,906 12 

34 39 

10,198 65 

1,474 17 

6,344 55 



$1,700 00 

1,840 00 

1,400 00 

180,269 05 

92 18 

136 00 



$97,974 60 



$323,257 88 



185,437 23 


$137,820 65 


$49,604 61 


8,351 56 


7,809 81 


125 00 


146 00 


645 00 



Expenditures. 

Paid for losses during the year 

for brokerage and commissions 

for salaries and fees of officers and employes 

for State and local taxes 



$23,507 70 

4,648 29 

2,675 00 

607 65 



5 



34 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Paid for profits or surplus on terminated policies 

for taxes on mortgaged property .... 
for incidental expenses .... 

Gross Cash Expenditures ..... 

Miscellaneous. 

Risks outstanding Dec. 31, 1877 . . $21,008,146 00 
written during 1878 . . . 2,783,540 00 

Total 

Risks terminated during 1878 



.333 41 
624 00 

2,286 92 

$64,682 97 



$23,791,686 00 
2,561,533 00 



Net amount in force Dec. 31, 1878 . . . 2 1,230, 153 00 

Deposit notes received on outstanding risks . . . 716,178 18 

Losses incurred during the year ..... 24,096 62 

Percentage of profits or surplus returned during 1878, 75 per cent. 
Average rate to date, 75-80 per cent. 



LOWELL MUTUAL FIRE INSURANCE COMPANY, LOWELL. 

[Incorporated March 6, 1832. Commenced business April, 1832. | 

James K. Fellows, President. Secretary, Charles W. Drew. 

Office, No. 49 Central Street. 



Detailed Statement of Stocks, 



United States bonds 

Boston and Lowell Railroad bonds . 
Lowell and Lawrence Railroad bonds 
Edwardsville town bond .... 
Lyon county bonds . . . . . 
29 shares Vermont and Canada Railroad 

6 

4 

9 

8 

5 

9 



Vermont and Massachusetts Railroad, 
Massachusetts Cotton Mills 
Lowell Manufacturing Company 
Franklin Manufacturing Company 
Appleton Company . 
Merrimack Manufacturing Company, 



Bonds, Etc. 

Par value. 

$11,250 00 
4,000 00 
1,000 00 
1,000 00 
1,000 00 
2,900 00 

600 00 
4,000 00 
6,210 00 

800 00 
5,000 00 
2,000 00 



Market value. 

311,941 81 

4,160 00 

1,020 00 

1,000 00 

750 00 

348 00 

672 00 

4,130 00 

4,635 00 

i 00 

3,437 50 

2,530 00 



$39,760 00 835,008 31 



Securities held as collateral for cash loans : — 



13 shares Prescott National Bank . 



Market value. Loaned thereon . 

61,690 00 $1,000 00 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens) . $6,S00 00 
Stocks, bonds, etc., as per schedule . . 35,008 31 

Loans on collateral security, as per schedule . 1,000 00 



1878.] 



INSURANCE COMPANIES. 



35 



Cash in the office of the company . 


$203 01 




deposited in various banks 


1,907 70 




Premiums in course of collection (net) . 


312 61 




Interest due and accrued .... 


1,360 47 




Office furniture .... $145 00 






Gross Assets 

Liabilities. 




$46,592 10 





Unearned premiums on outstanding risks . $11,482 59 
Dividends of profits unpaid on terminated 

policies 114 09 

Gross Liabilities 



11,596 68 



Surplus $34,995 42 

Income. 

Gross cash premiums received during the year, $8,123 40 
Deduct return premiums and re-insurance . 63 51 

Net cash premiums received .... $8,059 89 

Received for interest on mortgages 348 00 

for interest from all other sources .... 1,870 79 

for rents 150 00 

Deposit notes received during the year . . $24,690 09 

Gross Cash Income $10,428 68 



Expenditures. 

Paid for losses during the year 

for brokerage and commissions 

for salaries and fees of officers and employes 

for interest on borrowed money 

for State and local taxes .... 

for profits or surplus on terminated policies 

for rents 

for incidental expenses .... 



Gross Cash Expenditures 



$1,599 65 

69 03 

1,749 28 

77 83 

80 13 

3 7 538 67 

300 00 

250 53 

$7,665 12 



Miscellaneous. 

Risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Risks terminated during 1878 . 



Net amount in force Dec. 31, 1878 . 

Deposit notes received on outstanding risks 

Losses incurred during the year 

Percentage of profits or surplus returned during 1878, 40 X 50 per cent. 



$1,719,568 00 
735,367 00 



$2,454,935 00 
680,142 00 

$1,774,793 00 
68,895 54 
1,599 65 



36 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



LYNN MUTUAL FIRE INSURANCE COMPANY, LYNX. 

[Incorporated Feb. 20, 1828. Commenced business Aug. 1, 1828.] 

Thomas B. Newhall, President. Secretary, William F. Johnson. 

Office, Market Street. 



Detailed Statement of Stocks, 



United States bonds 

Chicago city bonds . 

Cambridge city bonds 

Somerville city bonds 

Lynn city bonds, 5s 

Charlestown city bonds 

50 shares First National Bank, Lynn 

30 " National City Bank, Lynn 

5 " Central National Bank, Lynn 
10 u Merchants' National Bank, Boston 
Cedar Rapids and Mo. R. Railroad bonds 
Loaned on personal security . 



Bonds, Etc. 

Par value. 

$2,100 00 
4,000 00 
2,000 00 
5,000 00 
1,000 00 
2,000 00 
5,000 00 
3,000 00 
500 00 
1,000 00 
4,000 00 



Market value. 

$2,108 00 
4,320 00 
2,200 00 
5,500 00 
1,100 00 
2,200 00 
5,500 00 
4,020 00 
625 00 
1,220 00 
4,320 00 
1,300 00 



$29,600 00 834,413 00 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company 

deposited in various banks 
Interest accrued 
Office furniture and safe . 
Gross Assets 



rst liens) . 


$8,750 00 




34,413 00 


. 


106 85 


. 


6,057 28 


. 


660 90 


. $500 00 




. 


$49,988 03 



Liabilities. 
Claimed and reported losses, not adjusted 
Unearned premiums on outstanding risks 
Dividends of profits unpaid on terminated 

policies 

Gross Liabilities .... 



Surplus $29,671 84 



$400 00 
19,820 32 

95 87 



20,316 19 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . 
Received for interest on mortgages . 

for interest from all other sources 

from policy fees 
Deposit notes received during the year . 

Gross Cash Income .... 



$3,692 57 




169 34 






83,523 23 

419 S2 




... 


2,033 75 


. . . 


210 00 


14,734 OS 





$6,186 SO 



1878.] 



INSURANCE COMPANIES. 



37 



Expenditures. 

Paid for salaries and fees of officers and employes . 
for State and local taxes . 
for profits or surplus on terminated policies , 
for rents ........ 

for incidental expenses . 



$1,200 00 


36 20 


2,349 96 


150 00 


118 50 



Gross Cash Expenditures . 

Miscellaneous. 

Risks outstanding Dec. 31, 1877 
written during 1878 
Total .... 
Risks terminated during 1878 . 



1,854 66 



$1,592,647 00 
264,650 00 



■$1,857,297 00 
311,815 00 



Net amount in force Dec. 31, 1878 $1,545,482 00 

Deposit notes received on outstanding risks .... 89,270 77 
Percentage of profits or surplus returned during 1878, 50 per cent. 
Average rate to date, 75 per cent. 



MERCHANTS' AND FARMERS' MUTUAL FIRE INSURANCE 
COMPANY, WORCESTER. 

[Incorporated April 1, 1846. Commenced business Jan. 1, 1847.] 

Isaac Davis, President. Secretary, Elijah B. Stoddard. 

Office, No. 21+0 Main Street. 

Detailed Statement of Stocks, 

Worcester and Nashua Railroad bonds . 
Providence and Worcester Railroad bonds 
Lawrence city bonds .... 
20 shares Central National Bank, Worcester 
25 " Wachusett Nat' 1 Bank, Fitchburg 
13 " Mechanics' Nat'l Bank, Worcester 

8 " Quinsigamond Nat'l B'k, Worcester, 
20 " Westminster National Bank 

Securities held as collateral for cash loans : — 

Holyoke city bonds 

Boston and Albany Railroad bonds 
Worcester National Bank stock 
10 shares Worcester and Nashua Railroad 
5 " Worcester S. D. and T. Co. . 

Personal note 

United States bonds .... 
32 shares Quinsigamond National Bank . 
Personal loan ...... 

$55,200 00 



is, Bonds, Etc 




Par value. 


Market value. 


. $20,000 00 


$20,000 00 


25,000 00 


26,500 00 


19,800 00 


19,800 00 


2,000 00 


2,700 00 


2,500 00 


3,750 00 


1,300 00 


1,495 00 


r, 800 00 


920 00 


2,000 00 


2,000 00 


$73,400 00 


$77,165 00 


Par value. Loaned thereon. 


. $15,000 00 ^ 




25,000 00 C 


$45,000 00 


5,000 00 J 




1,000 00) 




500 00 [■ 


1,500 00 


1,500 00 ) 




700 00 


700 00 


3,200 00 


3,000 00 


- 


5,000 00 



38 



MASSACHUSETTS MUTUAL FIRE [Dec. 31 



Summary of Assets, Dec. 31, 1878. 

Cash value of unencumbered real estate . . $40,000 00 

Loans on mortgage of real estate (first liens) . 10,000 00 

Stocks, bonds, etc., as per schedule . . 77,165 00 

Loans on collateral security, as per schedule . 55,200 00 

Cash in the office of the company . . . 332 23 

deposited in the Quinsigamond Nat'lB'k, 14,802 94 

Premiums in course of collection (net) . . 5,880 49 

Interest due and accrued 657 50 

Office furniture .... $500 00 

Gross Assets 

Liabilities. 

Claimed and reported losses, not adjusted . $2,000 00 

Unearned premiums on outstanding risks . 104,717 25 
Dividends of profits unpaid on terminated 

policies 1,000 00 

Gross Liabilities .... 



8204,038 16 



Surplus 



107,717 25 
$96,320 91 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received .... 

Received for interest on mortgages . 

for interest from all other sources 
for rents ...... 

Deposit notes received during the year . 



844,970 64 
1,272 17 



$43,698 47 

465 65 

7,562 97 

2,549 35 



. $86,439 12 

Gross Cash Income $54,276 44 

Expenditures. 
Paid for losses during the year 



for brokerage and commissions 
for salaries and fees of officers and employes 
for State and local taxes .... 
for profits or surplus on terminated policies 

for rents 

for incidental expenses .... 
Profit and loss (bad debts charged off) . 



Gross Cash Expenditures .... 

Miscellaneous. 
Risks outstanding Dec. 31, 1877 . . $14,638,228 00 



816,974 72 
5,518 02 
6,469 00 
1,058 75 
14,652 66 
2,000 00 
2,397 12 
823 38 

849,893 65 



written during 1878 
Total .... 
Risks terminated during 1878 . 

Net amount in force Dec. 31, 1878 



3,437,255 00 



- $18,075,483 00 
. 3,819,946 00 

. $14,255,537 00 



1878.] 



INSURANCE COMPANIES. 



39 



Deposit notes received on outstanding risks . . . $418,869 00 

Losses incurred during the year ..... 17,740 98 

Percentage of profits or surplus returned during 1878, 15-25 X 50 per 
cent. 



MERRIMACK MUTUAL FIRE INSURANCE COMPANY, 

ANDOVER. 

[Incorporated Feb. 20, 1828. Commenced business April 1, 1828.] 

Samuel Gray, President. Secretary, Joseph A. Smart. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, 6s $27,000 00 $32,265 00 

Cleveland city bonds 10,000 00 10,500 00 

Albany city bonds 10,000 00 11,000 00 

Boston city bonds 2,000 00 2,045 00 

Chicago city water bonds .... 12,000 00 13,020 00 

St. Louis city bonds . . * . . . 6,000 00 6,210 00 

Cincinnati city bonds 9,000 00 10,025 00 

Charlestown city bonds 5,000 00 5,675 00 

Norwich city bonds 5,000 00 5,900 00 

Fall River city bonds 10,000 00 10,650 00 

Northampton town bonds .... 5,000 00 5,450 00 

Maine state bonds ...... 10,000 00 10,880 00 

Boston and Maine Railroad bonds . . . 10,000 00 11,650 p0 

Boston and Providence Railroad bonds . . 5,000 00 5,900 00 

Boston and Lowell Railroad bonds . . . 5,000 00 5,625 00 

Lynn city bonds 5,000 00 5,150 00 



$136,000 00 $151,945 00 



Securities held as collateral for cash loans : — 
30 shares Methuen National Bank . 



Market value. Loaned thereon. 

$4,000 00 $3,000 00 



Summary of Assets, Dec 
Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . t . 

deposited in the Andover National Bank 
deposited in various savings banks . 
Premiums in course of collection (net) 
Interest due and accrued .... 
Gross Assets 



31, 1878. 

$7,000 00 
151,945 00 
3,000 00 
812 90 
6,583 96 
5,000 00 
3,292 22 
3,717 40 



$181,351 48 



40 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Liabilities. 

Losses and claims adjusted, but not due . 
Unearned premiums on outstanding risks 
Dividends of profits unpaid on terminated 
policies ...... 

Gross Liabilities .... 



Surplus 



$3,878 24 
98,336 58 

300 00 



$102,514 82 

§78,836 66 



Income. 

Gross cash premiums received during the year, $59,705 54 
Deduct return premiums and re-insurance . 1,791 61 

Net cash premiums received .... 

Received for interest on mortgages . . .... 

for interest from all other sources .... 

Deposit notes received during the year . . $107,498 14 



$57,913 93 

495 00 

8,379 56 



Gross Cash Income $66,788 49 



Expenditures. 

Paid for losses during the year 

for brokerage and commissions 
for salaries and fees of officers and employes 
for State and local taxes .... 
for profits or surplus on terminated policies 

for rents 

for incidental expenses . . 



Gross Cash Expenditures 

Miscellaneous. 



$10,767 22 

8,703 87 

3,499 00 

fi 79 

19,857 52 

140 00 

2,897 44 

$46,439 84 



Risks outstanding Dec. 31, 1877 
written during 1878 
Total .... 
Risks terminated during 1878 



$13,196,531 00 
4,066,868 00 



Net amount in force Dec. 31, 1878 

Deposit notes received on outstanding risks 

Losses incurred during the year 

Percentage of profits or surplus returned during 1878, 40 X 50 per cent. 



817,263,399 00 
3,360,972 00 

$13,902,427 00 

214,752 59 
14,509 16 



MIDDLESEX MUTUAL FIRE INSURANCE COMPANY, 

CONCORD. 

[Incorporated March 3, 1826. Commenced business March 29, 1826.] 

George Heywood, President. Secretary, Richard Barrett. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bond $10,000 00 $9,975 00 

15 shares Merchants' National Bank, Boston, 1,500 00 1,837 50 



1878.] 



INSURANCE COMPANIES. 



41 



40 shares Webster National Bank, Boston 
25 " Eliot National Bank, Boston . 

53 " Boston National Bank, Boston 

54 " Howard National Bank, Boston 
30 " Revere National Bank, Boston 

50 " Blackstone National Bank, Boston 
113 " Shawmut National Bank, Boston 

18 " State National Bank, Boston . 

20 " Faneuil Hall Nat'l Bank, Boston 

44 " North America Nat'l Bank, Boston 

33 " Concord National Bank . 

40 u Boston and Albany Railroad . 

25 " Fitchburg Railroad 

50 " Phila., Wil., and Bal. Railroad 
Boston and Albany Railroad bonds, 7s . 
Personal loans ..... 
Concord town loan 

Securities held as collateral for cash loans: - 

155 shares North Chicago Rolling Mill . 
11 " Boston and Providence Railroad 



$4,000 00 $3,760 00 

2,500 00 2,375 00 

5,300 00 4,849 50 

5,400 00 5,400 00 

3,000 00 2,940 00 

5,000 00 4,525 00 

11,300 00 11,497 75 

1,800 00 1,944 00 

2,000 00 2,440 00 

4,400 00 3,960 00 

3,300 00 4,125 00 

4,000 00 5,160 00 

2,500 00 2,837 50 

2,500 00 3,237 50 

40,000 00 47,200 00 
11,600 00 
19,500 00 

$149,163 75 

Market value. Loaned thereon. 

$12,400 00 $4,000 00 

1,116 50 1,100 00 



$13,516 50 $5,100 00 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in the Concord National Bank 
Premiums in course of collection (net) . 
Interest due and accrued 

Gross Assets 

Liabilities. 

Losses and claims adjusted, but not due . 
Unearned premiums on outstanding risks 
Dividends of profits unpaid on terminated 

policies 

State and local taxes, due or accrued 

Gross Liabilities .... 



Surplus 



$37,500 00 

118,200 00 

149,163 75 

5,100 00 

918 90 

14,546 28 

7,220 54 

5,908 00 



$925 00 
135,652 68 

210 30 
100 94 



$338,557 47 



Income. 

Cash premiums received during the year 
Received for interest on mortgages . 

for interest from all other sources 



136,888 92 
$201,668 55 



$69,143 41 
7,361 20 
8,271 65 



42 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Received for rents .... 

from policy fees 
Deposit notes received during the year 



$68,538 25 



Gross Cash Income 

Expenditures. 
Paid for losses during the year 

for brokerage and commissions 
for salaries and fees of officers and employes 
for State and local taxes .... 
for profits or surplus on terminated policies 
for incidental expenses .... 



Gross Cash Expenditures . 

Miscellaneous. 



Risks outstanding Dec. 31, 1877 
written during 1878 
Total .... 
Risks terminated during 1878 



$18,197,612 00 
4,661,293 00 



$340 00 
121 00 



$85,237 26 

$20,140 25 

9,857 41 

6,340 40 

950 46 

40,714 16 

1,389 29 

$79,391 97 



$22,858,905 00 
. 4,552,080 00 



Net amount in force Dec. 31, 1878 $18,306,825 00 

Deposit notes received on outstanding risks .... 271,305 36 

Losses incurred during the year 21,065 25 

Percentage of profits or surplus returned during 1878, 50 X 60 per cent. 



MILFORD MUTUAL FIRE INSURANCE COMPANY, MILFORD. 

[Incorporated April 30, 1851. Commenced business Jan. 1, 1852.] 

A. A. Cook, President. Secretary, George G. Parker. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. 

10 shares Milford National Bank . . . $1,000 00 



900 00 



9 " Hide and Leather National Bank 
Personal loan 

Summary of Assets, Dec 

Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
Premiums in course of collection (net) . 

Interest accrued 

Oflfrce furniture .... $100 00 
Gross Assets 

Liabilities. 

Claimed and reported losses, not adjusted 
Unearned premiums on outstanding risks 
Dividends of profits unpaid on terminated 
policies ...... 

Gross Liabilities .... 



Surplus $1,092 19 



Market value. 

$1,250 00 
909 00 
2,000 00 



31, 1878. 


$4,159 00 


$4,159 00 

1,093 54 

322 71 

11 25 






$5,586 50 




$780 00 
3,656 82 




57 49 


4,494 31 





1878.] 



INSURANCE COMPANIES. 



43 



Income. 
Gross cash premiums received during the year, $1,462 46 
Deduct return premiums and re-insurance . 28 10 

Net cash premiums received .... 

Received for interest from all sources 

from policy fees 

Deposit notes received during the year . . $4,387 38 



Gross Cash Income 



Expenditures. 

Paid for losses during the year 

for brokerage and commissions 
for salaries and fees of officers and employes 
for State and local taxes .... 
for profits or surplus on terminated policies 
for incidental expenses .... 



Gross Cash Expenditures 



Miscellaneous. 

Risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Risks terminated during 1878 . 



Net amount in force Dec. 31, 1878 . 

Deposit notes received on outstanding risks 

Losses incurred during the year 

Percentage of profits or surplus returned during 1878, 25 per cent. 



$780,054 00 
135,740 00 



$1,434 36 

262 50 

55 00 



.,751 86 



,951 05 



50 


03 


254 66 


16 


97 


376 


60 


102 01 



$2,751 32 



$915,794 00 
153,998 00 

$761,796 00 

17,199 07 

2,081 05 



MILL OWNERS' MUTUAL FIRE INSURANCE COMPANY, 

BOSTON. 

[Incorporated June 13, 1873. Commenced business Aug. 1, 1873.] 

William H. Kent, President. Secretary, Frederick S. Cabot. 

Office, No. 6 Rialto Building. 

Summary of Assets, Dec. 31, 1878. 



United States bonds ..... 


$4,190 00 




Corporation notes ...... 


42,000 00 




Cash in the office of the company . 


37 02 




deposited in bank 


6,579 64 




Premiums in course of collection (net) . 


75 50 




Interest accrued 


585 55 




Office furniture . ' . . . $450 00 






Gross Assets 




$53,467 71 



44 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Liabilities. 
Claimed and reported losses, not adjusted 
Unearned premiums on outstanding risks 
Gross Liabilities .... 



$2,600 00 
41,165 86 



$43,765 86 



Surplus $9,701 85 



Income. 
Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . 
Received for interest from all sources 
Deposit notes received during the year . 



Gross Cash Income 



$87,207 14 
3,696 98 



$411,658 60 



Expenditures. 

Paid for losses during the year 

for State taxes ..... 

for profits or surplus on terminated policies 
for rents ....... 

for salaries and incidental expenses 

Gross Cash Expenditures 

Miscellaneous. 

Risks outstanding Dec. 31, 1877 . . $7,738,820 00 

8,899,896 00 



$83,510 16 
1,898 83 

$85,408 99 



$23,165 54 

825 60 

41,524 45 

907 17 

11,383 85 

$77,806 61 



written during 1878 
Total . 
Risks terminated during 1878 . 



$16,638,716 00 
. 8,196,576 00 



Net amount in force Dec. 31, 1878 $8,412,140 00 

Deposit notes received on outstanding risks .... 411,658 60 

Losses incurred during the year 22,711 11 

Percentage of profits or surplus returned during 1878, 54^^- per cent. 
Average rate to date, 62^^- per cent. 



MUTUAL FIRE ASSURANCE COMPANY, SPRINGFIELD. 

[Incorporated Feb. 23, 1823. Commenced business July 26, 1823.] 

W. C. Sturtevant, President. Secretary, Frank R. Young. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$5,000 00 $5,300 00 

7,500 00 12,000 00 

6,100 00 7,625 00 

_ 1,500 00 1,800 00 

" 1,000 00 1,250 00 

2,500 00 2,500 00 



United States bonds 

75 shares Second National Bank, Springfield . 
61 " Chicopee Nat'l Bank, Springfield . 
15 " John Hancock Nat'l B'k, Springfield, 
10 " First National Bank, Springfield 
25 " Chapin Banking and Trust Co. 



1878.] 



INSURANCE COMPANIES. 



45 



10 shares Monson National Bank . 
10 " First National Bank, Chicopee 
50 " Hadley Falls Nat'l Bank, Holyoke 
66 " Nat'l Bank of Commerce, Boston 
50 " Boston and Albany Railroad . 



$1,000 00 
1,000 00 
5,000 00 
6,600 00 
5,000 00 



$1,250 00 
1,400 00 
7,500 00« 
4,620 00 
6,450 00 



$42,200 00 $51,695 00 



Securities held as collateral for cash loans: — 

Market value. Loaned thereon. 

67 shares First National Bank, Springfield . $8,375 00 $7,000 00 



Summary of Assets, Dec 

Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in the Chicopee Nat'l Bank 
Interest due and accrued 

Gross Assets 



31, 1878. 

$32,800 00 

51,695 00 

7,000 00 

291 97 

2,858 89 

583 03 



$95,228 89 



Liabilities. 

Unearned premiums on outstanding risks . $31,979 20 
Dividends of profits unpaid on terminated 
policies ....... 408 41 



Gross Liabilities 
Surplus . 



$32,387 61 



2,841 28 



Income. 
Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . 
Received for interest on mortgages . 

for interest from all other sources 

from policy fees 



Gross Cash Income 



$10,736 38 
586 05 



$10,150 33 

2,517 37 

2,990 82 

452 00 

$16,110 52 



Expenditures. 
Paid for losses during the year 

for salaries and fees of officers and employes 
for State and local taxes .... 
for profits or surplus on terminated policies 
for incidental expenses .... 

Gross Cash Expenditures .... 



$3,855 92 


2,586 


00 


105 


24 


6,600 


51 


265 


53 


. $13,413 


20 



46 MASSACHUSETTS MUTUAL FIRE [Dec. 31, 

Miscellaneous. 
Risks outstanding Dec. 31, 1877 . . $3,914,475 00 
written during 1878 . . . 632,500 00 

Total 84,546,975 00 

Risks terminated during 1878 649,225 00 

Net amount in force Dec. 31, 1878 3,897,750 00 

Deposit notes received on outstanding risks .... 127,916 89 

Losses incurred during the year 2,055 92 

Percentage of profits or surplus returned during 1878, 75 per cent. 



MUTUAL PROTECTION" FIRE INSURANCE COMPANY, 

BOSTON. 

[Incorporated April 10, 1861. Commenced business July 15, 1864.] 

Amos Stone, President. Secretary, George H. Pendergast. 

Office, Charlestown District. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

10 shares Monument National Bank . . $1,000 00 $1,510 00 
20 shares National Bank of Republic . . 2,000 00 2,500 00 
United States bonds 3,000 00 3,187 50 



$6,000 00 $7,197 50 

Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens) . 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 

deposited in the Monument Nat'l Bank . 

deposited in the Charlestown Sav'gs B'k, 

Premiums in course of collection (net) . 

Interest due and accrued .... 

Office furniture .... $175 00 

Gross Assets 

Liabilities. 
Unearned premiums on outstanding risks . $7,030 16 
Dividends of profits unpaid on terminated 

policies 93 49 

Gross Liabilities 7,123 65 



$16,620 00 




7,197 50 




462 86 




1,562 43 




1,778 38 




345 56 




534 93 






$2S,501 66 



Surplus $21,378 01 

Income. 

Gross cash premiums received during the year, $2,794 18 
Deduct return premiums and re-insurance . 228 60 
Net cash premiums received .... $2,565 58 



1878.] 



INSURANCE COMPANIES. 



47 



Received for interest on mortgages . 

for interest from all other sources 
Deposit notes received during the year . 



1,955 94 



Gross Cash Income 



Expenditures. 

Paid for losses during the year 

for brokerage and commissions 

for State and local taxes .... 

for profits or surplus on terminated policies 

for rents 

for incidental expenses .... 



Gross Cash Expenditures . 

Miscellaneous. 
Risks outstanding Dec. 31, 1877 
written during 1878 
Total .... 
Risks terminated during 1878 . 



Net amount in force Dec. 31, 1878 

Deposit notes received on outstanding risks 

Losses incurred during the year 

Percentage of profits or surplus returned during 1878, 25 per cent. 



$1,293,300 00 
281,300 00 



.,130 30 
400 45 



$4,096 33 



&1,411 


12 


463 40 


30 07 


1,449 


15 


429 


16 


342 46 



:,125 36 



$1,574,600 00 
449,500 00 

$1,125,100 00 

29,050 63 

1,411 12 



NEWBURYPORT MUTUAL FIRE INSURANCE COMPANY, 

NEWBURYPORT. 

[Incorporated February, 1829. Commenced business May 1, 1829.] 

Amos Noyes, President. Secretary, Joseph J. Knapp. 

Office, No. 2Jf, State Street. 



Detailed Statement of Stocks 



100 shares Merchants' National Bank 
18 " Mechanics' National Bank 
31 " Ocean National Bank 
15 " Washington Nat'l Bank, Boston 

Eastern Railroad bonds 

Lawrence city bonds 

Lowell city bonds . 

Fall River city bonds 

Chelsea city bonds . 

Hyde Park town bonds 

Natick town bonds . 



and Bonds. 

Par value. 

$2,000 00 
1,800 00 
1,550 00 
1,500 00 
5,500 00 
1,000 00 
2,000 00 
1,000 00 
1,000 00 
1,000 00 
2,000 00 



Market value. 

$2,000 00 
2,160 00 
1,612 00 
1,800 00 
3,905 00 
1,100 00 
2,200 00 
1,080 00 
1,040 00 
1,030 00 
2,100 00 



$20,350 00 $20,027 00 



48 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Summary of Assets, Dec. 31, 1878. 
Stocks and bonds, as per schedule . 
Cash in the office of the company . 
in savings banks (cash value) 
deposited in the Merchants' Nat'l Bank, 

Interest accrued 

Office furniture and safe . . . $225 40 
Gross Assets 

Liabilities. 

Unearned premiums on outstanding risks . $4,345 03 
Dividends of profits unpaid on terminated 

policies 100 26 

Rents, salaries, etc. ..... 81 00 

Gross Liabilities 



$20,027 00 

50 10 

2,102 40 

212 33 

157 92 


$22,549 75 



4,526 29 



Surplus $18,023 46 



Income. 
Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . 
Received for interest from all sources 

for rents .... 

from policy fees 
Deposit notes received during the year 



Gross Cash Income 



$1,429 75 
8 88 



5,525 22 



$1,420 87 


1,079 


57 


32 


00 


52 


12 



$2,584 56 



Expenditures. 

Paid for salaries and fees of officers and employes . 

for State and local taxes 

for profits or surplus on terminated policies . 

for rents . 

for incidental expenses ..... 

Gross Cash Expenditures. . . .... $1,870 53 



8275 00 


13 81 


1,447 


63 


100 


00 


34 


09 



Miscellaneous. 

Risks outstanding Dec. 31, 1877 
written during 1878 
Total .... 
Risks terminated during 1878 . 



$726,265 00 
112,550 00 



$838,815 00 
125,850 00 



Net amount in force Dec. 31, 1878 $712,965 00 

Deposit notes received on outstanding risks .... 32,800 84 
Percentage of profits or surplus returned during 1878, 100 per cent. 
Average rate to date, 100 per cent. 



1878.] 



INSUKANCE COMPANIES. 



49 



NORFOLK MUTUAL FIRE INSURANCE COMPANY, DEDHAM. 

[Incorporated Feb. 12, 1825. Commenced business July 1, 1825.] 

Ira Cleveland, President. Secretary, Preston R. Mansfield. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $39,000 00 $40,690 00 

Chicago city sewerage loans, 7s 7,000 00 7,560 00 

Cincinnati city bonds, 7&s .... 25,000 00 26,375 00 

Marquette and Ontonagon Railroad bonds, 8s, 32,000 00 32,000 00 

Philadelphia and Reading Railroad bonds, 7s . 8,000 00 8,000 00 

Old Colony Railroad bonds, 6s 12,000 00 12,720 00 

New England Mortgage Security bonds, 7s . 20,000 00 21,200 00 

Personal loan - 400 00 

$148,945 00 

Summary of Assets, Dec. 31, 1878. 

Cash value of unencumbered real estate . . $12,500 00 

Loans on mortgage of real estate (first liens) . 99,300 00 

Stocks, bonds, etc., as per schedule . . 148,945 00 

Cash in the office of the company . . . 1,439 97 

deposited in the Dedham National Bank . 18,503 46 

Premiums in course of collection (net) . . 5,744 71 

Interest due and accrued .... 6,405 14 

Rent accrued ....... 622 50 

Gross assets 

Liabilities. 

Losses and claims adjusted, but not due . . $4,426 00 

Claimed and reported losses, not adjusted . 1,000 00 

Unearned premiums on outstanding risks . 120,581 04 

Return premiums on cancelled policies . . 250 93 
Dividends of profits unpaid on terminated 

policies ....... 6,735 85 

State and local taxes, due or accrued . . 360 62 

Salaries 825 00 

Gross liabilities ..... 



$293,460 78 



Surplus 



Income. 
Cash premiums received during the year 
Received for interest on mortgages . 

for interest from all other sources 
for rents ..... 
from policy fees 
Deposit notes received during the year . 

Gross Cash Income .... 

7 



$122,054 12 



134,179 44 
$159,281 34 



$63,148 87 

6,338 19 

9,059 57 

1,351 25 

25 00 



$79,922 88 



50 



MASSACHUSETTS MUTUAL FIRE 



EXPENDITUHI 

Paid for losses during the year 

for brokerage and commissions 
for salaries and fees of officers and employes 
for State and local taxes .... 
for profits or surplus on terminated policies 
for incidental expenses .... 
Gross Cash Expenditures .... 

Miscellaneous. 

Risks outstanding Dec. 31, 1877 . . §14,901,960 40 



u FIRE 


[Dec. 81, 




1 85 






9,42 






588 95 






749 95 






8S 






33 13 






J,231 93 



written during 1878 
Total 
Risks terminated during 1878 . 
Net amount in force Dec. 31, 1878 
Deposit notes received on outstanding risks 
Losses incurred during the year 



3.818,952 00 



720.012 40 

> 1 48 

'92 

479,710 96 



17.078 10 
Percentage of profits or surplus returned during 1878. 33£ X 50 per cent. 



QUINCY MUTUAL FIRE INSURANCE COMPANY. QUINCY. 

[Incorporated March 22, 1851. Commenced bush 
Israel W. Muneoe, President. Secretary, Charles A. Howlaxd. 



Detailed Statement of Stocks, 

United States registered bonds, 6s . 
United States 5-20 registered bonds 
200 shares Manufacturers' National Bank 

40 

91 

25 
100 

66 

48 

45 

50 

37 

50 
197 

25 

50 

54 

38 

67 
411 
174 



Merchants' National Bank 
Third National Bank 
State National Bank 
North National Bank 
Washington National Bank . 
Second National Bank . 
Blackstone National Bank 
First National Bank 
Revere National Bank . 
Hamilton National Bank 
Mount Wollaston National Bank 
Granite National Bank . 
Wachusett National Bank 
Hingham National Bank 
First Nat'l Bank. So. Weymouth 
Union National Bank, Weymouth 
Old Colony and Newport Railroad 
Boston and Albany Railroad . 
Citizens' Gas Light Company 



Bonds, Etc. 

Tar value. 

.000 00 

5.000 CO 

20,000 00 

4,000 00 

9,100 00 

00 

10,000 00 

6.600 00 

'0 00 

00 

5,000 00 

00 

5.000 00 

19,700 00 

2.500 00 

00 

3.700 00 

3.800 00 

6.700 00 

41.100 00 

17.400 00 

500 00 



Market value. 

110,650 00. 

17,200 00 

5.000 00 

7.7:35 00 

2.725 00 

11.200 00 

W 00 

6.4S0 00 

50 00 

SO 00 

00 

5,400 00 

24.625 00 

3.250 00 

6,250 00 

4.050 00 

4.750 00 

5 00 

39.S67 00 

22.446 00 

500 00 



$190,600 00 $208,936 75 



1878.] 



INSURANCE COMPANIES. 



51 



Securities held as collateral for cash loans : — 



107 shares Hingham Cordage Company . 
141f " Lawrence Cotton Duck Company- 
Loan to savings bank .... 



Market value. Loaned thereon. 

$11,770 00 $10,000 00 

14,166 67 23,091 67 

7,000 00 



$40,091 67 



Summary of Assets, Dec 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in various banks 
Premiums in course of collection (net) . 
Interest due and accrued 

Gross Assets ..... 

Liabilities. 

Losses and claims adjusted, but not due . 
Unearned premiums on outstanding risks 
Dividends of profits unpaid on terminated 
policies ...... 

State and local taxes, due or accrued 
Salaries and incidental expenses 

Gross Liabilities .... 



Surplus $161,162 23 



31, 1878. 

$8,600 00 

64,690 00 

208,936 75 

40,091 67 

664 00 

16,553 22 

10,595 47 

5,601 43 



$201 39 
192,713 19 



155,732 54 



1,000 00 
155 04 
500 69 



194,570 31 



Income. 
Gross cash premiums received during the year, $90,627 06 
Deduct return premiums and re-insurance . 69 08 

Net cash premiums received .... 

Received for interest on mortgages . . .... 

for interest from all other sources .... 

for rents ......... 

Deposit notes received during the year . . $90,627 06 



$90,557 98 

3,784 20 

13,853 52 

118 38 



Gross Cash Income $108,314 08 



Expenditures. 
Paid for losses during the year 

for brokerage and commissions 
for salaries and fees of officers and employes 
for State and local taxes .... 
for profits or surplus on terminated policies 

for rents 

for incidental expenses .... 

Gross Cash Expenditures .... 



$35,660 48 

13,747 64 

8,476 00 

1,624 65 

40,291 89 

200 00 

4,639 40 

$104,640 06 



52 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Miscellaneous. 

Risks outstanding Dec. 31, 1877 . -'5,876,751 00 

written during 1878 . . . 0,504,419 00 

Total 

Risks terminated during 1878 

re-insured during 1878 

Total deductions 



-.471,170 00 



$0,481,510 00 
5,550 00 



6,487,060 00 



Net amount in force Dec. 31, 1878 125,984,110 00 

Deposit notes received on outstanding risks .... 385,059 97 

Losses incurred during the year . . .... 34,920 87 

Percentage of profits or surplus returned during 1878, 20-50 per cent. 



SALEM MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated April 17, 1838. Commenced business May, 1838.] 

Charles S. Nichols, President. Secretary, Samuel A. Potter. 

Office, No. 97 Washington Street. 

Detailed Statement of 



City of Chelsea bond 

City of Toledo bonds 

Springfield city bonds, 7 

Cleveland city bonds, 7s 

Cincinnati city bonds 

Chicago city bonds, 7s 

Peoria city bonds, 7s 

St. Louis county bonds, 

St. Albans bonds, 0s 

20 shares Salem National Bank 

14 " Asiatic National Bank 

5 " National Exchange Bank 

6 " Cambridge Horse Railroad 
Boston and Maine Railroad bond, 7s 
Eastern Railroad bond . 

Essex Railroad bond, 6s . 

15 shares Salem Gas Light Company 
2 " Lynn Gas Light Company 



Summary of Assets, Dec 
Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
Premiums in course of collection (net) 
Interest due and accrued . 

Gross Assets .... 



Stocks, Bonds, Etc 


• 


Par value. 


Market value. 


81,000 00 


$1,100 00 




2,000 00 


2,170 00 




1,000 00 


1,180 00 




1,000 00 


1,120 00 




2,000 00 


2,150 00 




1,000 00 


1,085 00 




1,000 00 


1,040 00 




1,000 00 


1,100 00 




300 00 


276 00 




2,000 00 


2,000 00 




420 00 


504 00 




500 00 


550 00 




600 00 


690 00 




1,000 00 


1,160 00 




1,000 00 


710 00 




1,000 00 


900 00 




1,500 00 


1.215 00 




200 00 


140 00 




$18,520 00 


$19,090 00 


, Dec. 31, 1S78. 




Lens) 


$6,470 00 






19,090 00 






77S 57 






355 50 






420 74 


-7.114 81 



1878.] 



INSURANCE COMPANIES. 



53 



Liabilities. 

Unearned premiums on outstanding risks 
Return premiums on cancelled policies . 
Dividends of profits unpaid on terminated 
policies ...... 

State and local taxes, due or accrued 
Salaries ....... 

Gross Liabilities .... 



Surplus 



S,608 36 
9 00 

254 50 

6 89 
300 00 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . 
Received for interest on mortgages . 

for interest from all other sources 
Deposit notes received during the year . 



Gross Cash Income 



$3,075 42 
176 93 



1,200 91 



Expenditures. 
Paid for losses during the year 

for brokerage and commissions 
for salaries and fees of officers and employes 
for State and local taxes .... 
for profits or surplus on terminated policies 
for incidental expenses .... 

Gross Cash Expenditures .... 



Miscellaneous. 



$1,083,400 00 
221,625 00 

$244,400 00 
2,000 00 



$9,178 75 
$17,936 06 



$2,898 49 

440 21 

1,177 55 

$4,516 25 



$168 13 


30 49 


1,366 00 


28 27 


1,649 04 


74 15 



1,316 08 



Risks outstanding Dec. 31, 1877 
written during 1878 
Total 

Risks terminated during 1878 
re-insured during 1878 
Total deductions 

Net amount in force Dec. 31, 1878 . 

Deposit notes received, on outstanding risks 

Losses incurred during the year 

Percentage of profits or surplus returned during 1878, 50 per cent. 



$1,305,025 00 



246,400 00 

,058,625 00 

51,702 65 

168 13 



5-4 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE 
COMPANY, AMESBURY. 

[Incorporated May 18, 1855. Commenced business Dec. 1, 1855.] 

David L. Dearborn, President. Secretary, Charles L. Allen. 

Summary of Assets, Dec. 31, 1878. 
Cash in the office of the company . 
deposited in the savings bank 
Premiums in course of collection (net) . 

Office safe $100 00 

Gross Assets 

Liabilities. 
Claimed and reported losses, not adjusted 
Unearned premiums on outstanding risks 

Gross Liabilities ..... 

Surplus 11,163 94 

Income. 
Cash premiums received during the year 



$145 24 




3,172 GO 




20 00 






$3,337 84 




8600 00 




; 90 






2,173 90 





Received for interest from all sources 

from policy fees 
Deposit notes received during the year 

Gross Cash Income . 



Expenditures. 
Paid for losses during the year 

for brokerage and commissions 
for salaries and fees of officers and employe's 
for State and local taxes .... 
for profits or surplus on terminated policies 
for incidental expenses .... 



§5,951 80 



7 18 
141 08 
75 00 

1783 26 



Gross Cash Expenditures 



81,090 00 


75 


00 


200 00 


5 


16 


89 


35 


46 


96 



61,506 47 



Miscellaneous. 

Risks outstanding Dec. 31, 1877 
written during 1S78 

Total 

Risks terminated during 1878 . 



Net amount in force Dec. 31, 1878 . 

Deposit notes received on outstanding risks 

Losses incurred during the year 

Percentage of profits or surplus returned during 1878, 10 per cent. 



1394,419 00 

73,410 00 



".829 00 
7S.801 00 

$389,028 00 

24,838 90 
1,690 00 



1878.] 



INSURANCE COMPANIES. 



55 



SAUGUS MUTUAL FIRE INSURANCE COMPANY, SAUGUS. 

[Incorporated Feb. 22, 1852. Commenced business April 1, 1852.] 

Harmon Hall, President. Secretary, Wilbur F. Newhall. 

[Note. — This company insures nothing but dwellings, farm-buildings, 
and their contents, in Lynn, Saugus, Lynnfield, Swampscott, and Na- 
hant. No cash premiums are taken ; but assessments are made on deposit 
notes, to pay losses and expenses. All policies are issued for a term of 
three years.] 

Summary of Assets, Dec. 31, 1878. 



Cash in the office of the company 


> 


$610 02 


Net amount of unpaid assessments 


. 


260 00 


Rent due .... 


. . 


25 00 


Office property 


$250 00 




Gross Assets 







5 02 



Liabilities. 
Owing for borrowed money, secured by direct- 
ors' note $700 00 

Rents and incidental expenses ... 32 00 
Gross Liabilities ..... 

Income. 

Received from assessments on deposit notes .... 

for rents 

from policy fees . . . .... 

Deposit notes received during the year . . $101,467 00 



$732 00 



$2,190 90 
108 33 
557 00 



Gross Cash Income $2,856 23 

Expenditures. 
Paid for losses during the year 

for salaries and fees of officers and employes 

for interest on borrowed money 

for State and local taxes . 

for rents ..... 

for incidental expenses . 



$629 


36 


1,250 


00 


52 


16 


21 


24: 


168 75 


88 


68 



Gross Cash Expenditures 

Miscellaneous. 

Risks outstanding Dec. 31, 1877 . . .$2,554,445 00 
written during 1878 .... 841,275 00 

Total 

Risks terminated during 1878 . 

Net amount in force Dec. 31, 1878 . 
Deposit notes received on outstanding risks 
Losses incurred during the year 
Assessments laid on deposit notes . 



$2,210 19 



$3,395,720 00 
909,375 00 



$2,486,345 00 

301,076 00 

241 15 

2,151 95 



56 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



SHELBURNE MUTUAL FIRE INSURANCE COMPANY, 

SHELBURNE. 

[Incorporated June 18, 1877. Commenced business July 4, 1877.] 

Nathan O. Newhall, President. Secretary, Williams T. Peck. 

[Note. — Insures property in the town of Shelburne only.] 



Summary of Assets, Dec. 31, 1878. 



Cash in the office of the company . 

deposited in the Shelburne Falls Savings 

Bank 

Assessments in course of collection . 

Gross Assets 

Income. 
Cash premiums received during the year . 
Received for interest from all sources 

from assessments on deposit notes 
Deposit notes received during the year . 

Gross Cash Income .... 



$41 21 

31 81 

19 95 



$221 80 



Expenditures. 
Paid for losses during the year 

for salaries and fees of employes 
for State and local taxes . 



Gross Cash Expenditures . 

Miscellaneous. 

Risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Risks terminated during 1878 . 

Net amount in force Dec. 31, 1878 . 
Deposit notes received on outstanding risks 
Losses incurred during the year 
Assessments laid on deposit notes . 



$107,558 00 
3,550 00 



892 97 

93 

28 39 
457 42 

$526 74 



£970 27 
2 00 
5 03 

8977 30 



$111,108 00 
5,000 00 

$106,108 00 

5,971 IS 
970 27 
457 42 



SOUTH DANVERS MUTUAL FIRE INSURANCE COMPANY, 

PEABODY. 

[Incorporated June 12, 1829. Commenced business Aug. 1, 1829.] 

Isaac B. Elliott, President. Secretary, George A. Osborne. 

Detailed Statement of Stocks and Bonds. 

Par value. Market value. 

58 shares South Danvers Nat'l Bank, Peabody, $5,800 00 $7,540 00 
48 " Warren National Bank, Peabody . 4,800 00 6,000 00 



1878.] 



INSURANCE COMPANIES. 



57 



51 shares Asiatic National Bank, Salem . 
20 " Nauinkeag National Bank, Salem 
18 " Exchange National Bank, Salem 
12 " First National Bank, Salem 
34 " First National Bank, Danvers . 
30 " Nat'l Hide and Leather B'k, Boston 

8 " Andover National Bank 
United States bonds 
Boston city bonds . 
Cincinnati city bonds 
Eastern Railroad bonds . 



$1,530 00 
2,000 00 
1,800 00 
1,200 00 
2,550 00 
3,000 00 
800 00 
6,000 00 
3,000 00 
3,000 00 
2,000 00 



$1,683 00 
2,500 00 
1,800 00 
1,200 00 
2,550 00 
3,000 00 
800 00 
6,240 00 
3,300 00 
3,000 00 
1,000 00 



$37,480 00 $40,613 00 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens) . 
Stocks and bonds, as per schedule . 
Cash in the office of the company . 

deposited in the South Danvers Nat'l B'k, 
Premiums in course of collection (net) . 
Interest due and accrued ..... 
Gross Assets ...... 



$200 00 


40,613 


00 


69 


00 


3,803 


99 


5 


00 


372 


00 



$45,062 99 



Liabilities. 
Unearned premiums on outstanding risks 
Return premiums on cancelled policies . 

Salaries 

Gross Liabilities .... 



Surplus 



$10,960 24 
393 13 
237 50 



11,590 87 
$33,472 12 



Income. 

Gross cash premiums received during the year, $4,645 88 
Deduct return premiums and re-insurance . 184 83 

Net cash premiums received . 
Received for interest on mortgages . 

for interest from all other sources 

from policy fees 
Deposit notes received during the year . . $13,937 64 

Gross Cash Income $7,087 45 



$4,461 05 


12 00 


2,463 40 


151 00 



Expenditures. 
Paid for losses during the year 

for salaries and fees of officers and employes 
for State and local taxes .... 
for profits or surplus on terminated policies 
for incidental expenses .... 

Gross Cash Expenditures .... 
8 



$770 00 


981 


00 


11 


36 


4,463 


63 


39 


83 



1,265 82 



58 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Miscellaneous. 
Risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Risks terminated during 1878 . 



Net amount in force Dec. 31, 1878 $991,830 00 

Deposit notes received on outstanding risks .... 50,053 61 

Losses incurred during the year 770 00 

Percentage of profits or surplus returned during 1878, 100 per cent. 
Average rate to date, 70 per cent. 



$990,580 00 
216,200 00 



$1,212,780 00 
220,950 00 



TRADERS' AND MECHANICS' INSURANCE COMPANY, 

LOWELL. 

[Incorporated June 1848. Commenced business June, 1848.] 

Levi Sprague, President. Secretary, Edward M. Tucke. 

Office, No. 27 Central Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value 

United States bonds .... 
Vermont and Massachusetts Railroad bonds 
Boston and Lowell Railroad bonds 
Cook County (Illinois) bonds 



St. Albans town bonds . 

Lynn city bonds 

Cambridge city bonds 

Lowell city bonds . 

190 shares Traders' and Mechanics' Ins. Co. 



Connecticut Railroad 
Lowell Manufacturing Company 
Merrimack Manufacturing Co. 
Tremont and Suffolk Company 
Yassalborough ... 
Lowell Gas Company 
Massachusetts Cotton Company 
Middlesex Company 
Lawrence Gas Company . 
Androscoggin Mills 
Old Lowell National Bank 
National Bank of North America 



50 

5 

8 

30 

50 

100 

3 

15 
50 
20 
30 
20 
Loaned on personal security 



Securities held as collateral for cash loans : — 

9 shares Prescott National Bank 

Essex county bonds ..... 

Bement (Illinois) bonds 

100 shares Pemberton National Bank 



$6,000 00 
2,500 00 

15,000 00 
2,500 00 
3,000 00 
5,000 00 
5,000 00 
3,000 00 

19,000 00 
5,000 00 
3,450 00 
8,000 00 
3,000 00 
5,000 00 

10,000 00 
3,000 00 
1,500 00 
5,000 00 
2,000 00 
3,000 00 
2,000 00 



Market value. 

^6,300 00 
2.775 00 

17,100 00 
2,650 00 
3,000 00 
5,400 00 
5,500 00 
3,300 00 

21,850 00 
7,000 00 
2,500 00 

10,080 00 
3,450 00 
4,250 00 

12,500 00 
3,105 00 
2,550 00 
5,500 00 
1,450 00 
3,600 00 
2,050 00 
1,100 00 

$127,010 00 



Market value. Loaned thereon. 

$1,250 00 $400 00 

5 ' 00000 j 7,000 00 
2,000 00) ' 

12,500 00 5,000 00 



$20,750 00 $12,400 00 



1878.] 



INSURANCE COMPANIES. 



59 



Summary of Assets, Dec 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company and in bank 
Premiums in course of collection (net) . 
Interest due and accrued 

Gross Assets 

Liabilities. 

Unearned premiums on outstanding risks 
Gross Liabilities .... 



31, 1878. 

$12,500 00 

83,130 00 

127,010 00 

12,400 00 

2,484 77 

1,515 65 

2,165 31 



. $113,499 36 



$241,205 73 



113,499 36 



Surplus $127,706 37 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received .... 

Received for interest from all sources 

for rents ...... 

Deposit notes received during the year . 



$52,408 24 
1,761 88 



$50,646 36 

13,797 06 

323 86 



2,408 24 



Gross Cash Income $64,767 28 



Expenditures. 

Paid for losses during the year 

for brokerage and commissions 

for salaries, fees, and incidentals . 

for State and local taxes . 

for profits or surplus on terminated policies 

Gross Cash Expenditures .... 



$28,568 45 

6,890 77 

6,190 88 

654 94 

20,901 13 

$63,206 17 



Miscellaneous. 



Risks outstanding Dec. 31, 1877 
written during 1878 
Total .... 
Risks terminated during 1878 . 



$14,458,085 00 
3,631,587 00 



$18,089,672 00 
3,442,235 00 



Net amount in force Dec. 31, 1878 $14,647,437 00 

Deposit notes received on outstanding risks . . . 226,998 72 

Losses incurred during the year ..... 28,568 45 

Percentage of profits or surplus returned during 1878, 20-30-50 per cent. 



60 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



WESTFIELD MUTUAL FIRE INSURANCE COMPANY, 

WESTFIELD. 

[Incorporated March 30, 1852. Commenced business Nov. 1, 1852.] 

Samuel Horton, President. Secretary, William H. Foote. 

Summary of Assets, Dec. 31, 1878. 



Cash in the office of the company . 

deposited in the Westfield Savings Bank, 
deposited in the Woronoco Savings Bank, 

Interest due 

Office safe $390 00 

Gross Assets 

Liabilities. 
Losses and claims adjusted, but not due . 
Unearned premiums on outstanding risks 
Dividends of profits unpaid on terminated 
policies ....... 

State and local taxes, due or accrued 

Salaries 

Gross Liabilities ..... 



$444 90 

1,325 00 

5,450 00 

168 65 



51,550 00 
5,367 06 

79 40 

4 63 

29 00 



$7,388 55 



Surplus 

Income. 
Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received .... 
Received for interest from all sources 
Deposit notes received during the year . 



$2,002 05 
99 51 



7,030 09 
$358 46 



$1,902 54 
308 74 



85,863 50 



Gross Cash Income 

Expenditures. 
Paid for losses during the year 

for brokerage and commissions 

for salaries and fees of officers and employes 

for State and local taxes .... 

for profits or surplus on terminated policies 
for rents ....... 

for incidental expenses .... 



2,211 28 

$240 00 
200 16 
66 00 
18 46 
883 80 
80 00 
24 35 

Gross Cash Expenditures 61,512 77 

Miscellaneous. 
Risks outstanding Dec. 31, 1877 . . . $815,900 00 
written during 1878 .... 150,350 00 

Total $966,250 00 

Risks terminated during 1878 193,760 00 

Net amount in force Dec. 31, 1878 $772,490 00 

Deposit notes received on outstanding risks .... 24,055 73 

Losses incurred during the year 1,790 00 

Percentage of profits or surplus returned during 1878, 20-30-40 per cent. 



1878.] 



INSURANCE COMPANIES. 



61 



WESTFORD MUTUAL FIRE INSURANCE COMPANY, 

WESTFORD. 

[Incorporated March 20, 1840. Commenced business July, 1840.] 

Allan Cameron, President. Secretary, J. Henry Read. 

Summary of Assets, Dec. 31, 1878. 
Loans on mortgage of real estate (first liens) . $375 00 



Loans on personal security 
Cash in the office of the company . 
deposited in savings banks 
Gross Assets 

Liabilities. 
Unearned premiums on outstanding risks 
Gross Liabilities .... 

Balance against the company . 

Income. 
Cash premiums received during the year . 
Received for interest from all sources 
Deposit notes received during the year . 



769 76 
160 57 
611 00 



^2,670 85 



,767 26 



Gross Cash Income 



,916 33 



2,670 85 
$754 52 



$883 63 
36 34 



$919 97 



Expenditures. 
Paid for losses during the year 

for salaries and fees of officers and employes 
for State and local taxes .... 

Gross Cash Expenditures .... 



$378 94 
24 67 
10 79 



$114 40 



Miscellaneous. 
Risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Risks terminated during 1878 . 

Net amount in force Dec. 31, 1878 . 
Deposit notes received on outstanding risks 
Losses incurred during the year 



$574,120 00 
98,225 00 



$672,345 00 
128,175 00 

$544,170 00 

10,883 40 

378 94 



62 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



WEST NEWBURY MUTUAL FIRE INSURANCE COMPANY, 

WEST NEWBURY. 

[Incorporated Feb. 8, 1828. Commenced business April 4, 1828.] 

William Merrill, President. Secretary, George W. Carr. 

[Note. — This company charges no cash premium, but relies upon 
assessments on deposit notes to pay losses and expenses.] 

Summary of Assets, Dec. 31, 1878. 
Cash in the office of the company ... 55 

deposited in the Mechanics' Nat'l Bank . 300 00 

Office safe and desk . . .810 00 



Gross Assets 



Liabilities. 



Claimed and reported losses, not adjusted 
Borrowed money, secured by directors' note 
Rents, salaries, and incidental expenses . 
Gross Liabilities .... 

Income. 

Received from assessments on deposit notes 

from policy fees 
Deposit notes received during the year . 

Gross Cash Income §1,246 60 



825 00 




1,000 00 




522 00 






§1,547 00 






§852 60 


. ' 


394 00 


328 62 





Expenditures. 
Paid for losses during the year 

for commissions ..... 

for salaries and fees of officers and employe's 

for interest on borrowed money 

for State and local taxes . . ... 

for rents ....... 

for incidental expenses .... 



Gross Cash Expenditures 



Miscellaneous. 

Risks outstanding Dec. 31, 1877 . . 
written during 1878 
Total ...... 

Risks terminated during 1878 . 

Net amount in force Dec. 31, 1878 . 
Deposit notes received on outstanding risks 
Losses incurred during the vear 
Assessments laid on deposit notes . 



82.068.205 00 
1.015.594 00 



§72 42 


26 


60 


412 


00 


65 


00 


12 


41 


11 


00 


136 49 



§735 92 



83.0S3.799 00 
1.006.473 00 

82.o77.326 00 

115,328 62 

97 42 

852 60 



1878.] 



INSURANCE COMPANIES. 



63 



WEYMOUTH AND BRAINTREE MUTUAL FIRE INSURANCE 
COMPANY, WEYMOUTH. 

[Incorporated Feb. 20, 1833. Commenced business Aug. 1, 1833.] 

Naaman L. White, President. Secretary, Elias Richards. 

Detailed Statement of Stocks, Bonds, Etc. 



Central Pacific Railroad bond . 
Nashua and Rochester Railroad bond 
Burl., Cedar Rapids, and No. Railroad bond 
21 shares Burl., Cedar Rapids, and No. R.R. 
Personal loan 



Stocks, bonds, etc., as per schedule . 
Cash in the office of the company . 
Premiums in course of collection (net) 
Office furniture, safes, etc. . . $300 ( 
Gross Assets ..... 

Liabilities. 

Losses and claims adjusted, but not due . 
Claimed and reported losses, not adjusted 
Claims for losses disputed or resisted 
Unearned premiums on outstanding risks 
Gross Liabilities .... 



Par value. 


Market value . 


$1,000 00 


$1,065 00 


3,000 00 


2,700 00 


2,400 00 


2,160 00 


2,100 00 


945 00 


. 


216 53 




$7,086 53 


. 31, 1878. 




$7,086 53 




1,311 95 




404 54 

A 




u 


$8,803 02 




$267 19 




868 61 




2,500 00 




9,993 79 






13,629 59 




• • • • 


$4,826 57 



Balance against the company 



Income. 

Gross cash premiums received during the year, $2,607 59 
Deduct return premiums and re-insurance . 158 11 

Net cash premiums received .... 

Received for interest from all sources . .... 
Deposit notes received during the year . . $7,670 55 



Gross Cash Income 



Expenditures. 
Paid for losses during the year 

for brokerage and commissions 

for salaries and fees of officers and employes 

for State and local taxes .... 

for rents ....... 

for incidental expenses .... 

Gross Cash Expenditures .... 



$2,449 48 
663 44 



$3,112 92 



$4,697 30 


313 


66 


309 


57 


36 


76 


199 


12 


142 


00 



55,698 41 



64 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Miscellaneous. 



Risks outstanding Dec. 31, 1877 
written during 1878 
Total 
Risks terminated during 1878 
re-insured during 1878 
Total deductions 

Net amount in force Dec. 31, 1878 . 
Deposit notes received on outstanding risks 
Losses incurred during the year 



81,403,899 00 
106,057 00 

$693,955 00 
11,550 00 



$1,659,950 00 



705,505 00 

$954,451 00 

40,463 01 

8,080 33 



WORCESTER MANUFACTURERS' MUTUAL FIRE INSUR- 
ANCE COMPANY, WORCESTER. 

[Incorporated March 31, 1855. Commenced business March 31, 1855.] 

George M. Rice, President. Secretary, Samuel R. Barton. 

Office, No. J^Jf.8 Main Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Boston and Albany Railroad bonds . . . $26,000 00 $30,810 00 

Boston and Fitchburg Railroad bonds . . 15,000 00 17,250 00 

Old Colony Railroad bonds .... 25,000 00 29,000 00 

Worcester city bonds 10,000 00 11,200 00 

60 shares City National Bank, Worcester . 6,000 00 6,000 00 

United States bonds 60,000 00 64,275 00 



Summary of Assets, Dec 

Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 

deposited in the Worcester Safe Deposit 
and Trust Company . 
Gross Assets 

Liabilities. 

Adjusted losses and claims (trusteed) 
Losses and claims adjusted, but not due . 
Claimed and reported losses, not adjusted 
Unearned premiums on outstanding risks 
State and local taxes, due or accrued 

Gross Liabilities .... 

Surplus 



$142,000 00 $158,535 00 

31, 1878. 

$158,535 00 
10 33 



19,445 55 



$1,668 46 

102 10 

7,400 00 

70,277 90 
231 51 



$177,990 88 



79,679 97 
$9S,310 91 



1878.] 



INSURANCE COMPANIES. 



65 



Income. 
Gross cash premiums received during the year, $146,700 20 
Deduct return premiums and re-insurance . 6,144 39 

Net cash premiums received .... 

Received for interest from all sources 

Deposit notes received during the year . . $688,803 15 



Gross Cash Income 



Expenditures. 

Paid for losses during the year 

for salaries and fees of officers and employes 
for State and local taxes .... 

for profits or surplus on terminated policies 
for rents ....... 

for incidental expenses .... 

Gross Cash Expenditures .... 

Miscellaneous. 

Risks outstanding Dec. 31, 1877 . . $16,020,623 00 

16,250,603 00 

Total 

Risks terminated during 1878 



$140,555 81 
9,182 73 

$149,738 54 



$54,519 66 

4,327 80 

1,416 78 

75,735 60 

600 00 

989 37 

$137,589 21 



$32,271,226 00 
17,061,037 50 



Net amount in force Dec. 31, 1878 $15,210,188 50 

Deposit notes received on outstanding risks . . . 688,803 15 

Losses incurred during the year ..... 24,524 25 

Percentage of profits or surplus returned during 1878, 50^0 P er cent. 
Average rate to date, 61jq S q per cent. 



WORCESTER MUTUAL FIRE INSURANCE COMPANY, 

WORCESTER. 

[Incorporated Februaiy, 1823. Commenced business May, 1824.] 

Anthony Chase, President. Secretary, Charles M. Miles. 

Office, No. 877 Main Street. 



Detailed Statement of Stocks, 



United States bonds 

170 shares Worcester National Bank 

132 

50 

22 

57 

45 

40 

15 



City National Bank 
Citizens' National Bank . 
Central National Bank . 
Mechanics' National Bank 
Quinsigamond National Bank 
Fitchburg National Bank 
Blackstone National Bank 



Bonds, Etc. 

Par value. 

$7,000 00 

17,000 00 

13,200 00 

5,000 00 

2,200 00 

5,700 00 

4,500 00 

4,000 00 

1,500 00 



Market value. 

$7,500 00 

21,760 00 

14,520 00 

6,000 00 

2,970 00 

6,555 00 

5,175 00 

5,600 00 

1,650 00 



66 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



20 shares Oxford National Bank 

15 " Grafton National Bank . 

15 " Southbridge National Bank 

30 " Westborough National Bank 

25 " Wachusett National Bank 

Union Pacific Railroad bonds . 

Boston, Barre, and Gardner Railroad bonds 

Fitchburg and Worcester Railroad bonds 

Loaned on personal security . 



Securities held as collateral for cash loans : — 



100 shares Worcester Gas Light Company 
15 " Worcester Gas Light Company*" 
5 " Norwich and. Worcester Railroad 
10 " Bay State Hotel Company (with 

two mortgages) . 
68 " City National Bank 
Boston, Barre, and Gardner Railroad 1st mort- 
gage bonds ...... 

C. W. Bryan & Co., stock 

Mortgages assigned .... 



$2,000 00 
1,500 00 
1,500 00 
3,030 00 
2,500 00 
5,000 00 

12,500 00 
1,500 00 



$2,200 00 
1,650 00 

1,050 00 
3,450 00 
3,750 00 
5,250 00 

13,250 00 
1,500 00 

50,975 00 

$155,405 00 



Market value. Loaned thereon. 

$13,000 00 $10,000 00 

1,950 00 1,500 00 

650 00 500 00 

2,250 00 1,871 50 

9,520 00 8,300 00 

■ 3,120 00 2,500 00 

4,500 00 3,000 00 



$34,990 00 $27,671 50 



Summary of Assets, Dec. 31, 1878. 

Cash value of unencumbered real estate . . $80,000 00 

Loans on mortgage of real estate (first liens) . 182,910 72 

Stocks, bonds, etc., as per schedule . . 155,405 00 

Loans on collateral security, as per schedule . 27,671 50 
Cash in the office of the company, and deposited 

in banks 7,565 88 

Premiums in course of collection (net) . • . 353 63 

Interest and rents, due and accrued . . 9,171 16 

Gross Assets 

Liabilities. 

Losses and claims unpaid .... $2,200 00 

Unearned premiums on outstanding risks . 240,696 34 

Gross Liabilities 



$463,077 89 



242,896 34 



Surplus $220,181 55 



Income. 
Cash premiums received during the year . 
Received for interest from all sources 

for rents ..... 

from policy fees 

Gross Cash Income .... 



$117,999 87 

19,504 12 

6,7S3 14 

1,224 00 

$145,511 13 



1878.] INSURANCE COMPANIES. 67 

Expenditures. 

Paid for losses during the year $47,363 76 

for brokerage and commissions 8,631 79 

for salaries and fees of officers and employes . . . 9,884 00 

for taxes and insurance 1,945 03 

for profits or surplus on terminated policies . . . 70,473 69 

for real estate expenses 1,296 13 

for incidental expenses 2,937 17 

Gross Cash Expenditures $142,531 57 

Miscellaneous . 
Risks outstanding Dec. 31, 1877 . . $30,972,334 00 
written during 1878 . . . 7,965,711 00 

Total $38,938,045 00 

Risks terminated during 1878 8,231,66§ 00 

Net amount in force Dec. 31, 1878 $30,706,382 00 

Deposit notes received on outstanding risks . . . 962,785 38 

Losses incurred during the year ..... 42,273 27 

Percentage of profits or surplus returned during 1878, 60 per cent. 



68 



MASS. MUT. FIRE INS. COS. [Dec. 31, '78. 



AGGREGATE. 



Assets. 




Gross present Assets 


$4,721,873 00 


Liabilities. 




Grqss present Liabilities 


§2,392,919 00 


Income. 




Cash received for premiums during the year 


§1,705,257 00 


for interest and dividends 


227,450 00 


from assessments on deposit notes 


12,806 00 




13,272 00 


from all other sources 


4,688 00 


Gross Cash Income ...... 


81,963,473 00 


Expenditures. 




Cash paid for losses 


$702,734 00 


for brokerage and commissions on premiums 


99,475 00 


for salaries and fees of officers and employes 


143,443 00 


for interest on borrowed money .... 


878 00 


for State and local taxes 


18,902 00 


for return of profits or surplus .... 


835,567 00 


for rents 


17,040 00 


for all other expenditures 


52,585 00 


Gross Cash Expenditures 


$1,870,624 00 


General Items. 




Whole amount of risks outstanding at end of year 


$344,684,562 00 


deposit notes received thereon .... 


11,521,362 00 


risks written during the year .... 


162,907,528 00 


risks terminated during the year .... 


167,437,015 00 


losses incurred during the year .... 


504,431 00 



MASSACHUSETTS MUTUAL FIRE 
INSURANCE COMPANIES, 

WITH GUARANTEE CAPITAL. 



Detailed Statements of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

Dec. 31, 1878. 



70 



MASS. MUTUAL FIRE INS. COS. [Dec. 31, 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



HOLYOKE MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated March 14, 1843. Commenced business May 23, 1843.] 

Guarantee Capital, $100,000. 

Augustus Story, President. Secretary, Thomas H. Johnson. 

Office^ No. 114 Washington Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $37,500 00 §38,981 25 

Massachusetts state bonds, 1893, 5s, gold . 4,000 00 4,420 00 

New Hampshire state bonds, 1897, 6s . . • 4,000 00 4,540 00 

Licking county (O.), bonds, 1882, 7-30s . . 5,000 00 5,175 00 

Marion county (Ind.), bonds, 1898, 6s . . 5,000 00 5,000 00 

Chelsea city bonds, 1892, 6s . . . . 17,000 00 18,700 00 

Cambridge city bonds, 1884, 6s 10,000 00 10,800 00 

Cincinnati city bonds, 1904, 7s 5,000 00 5.450 00 

Cleveland city bonds 15,000 00 15,425 00 

Chicago city bonds 5,000 00 5,430 00 

Hartford city bonds, 1891, 6s . . . . 10,000 00 10,700 00 

Lynn city bonds, 1884, 6s ... . 5,000 00 5,400 00 

Lowell city bonds, 1890, 6s . . . . 4,000 00 4.440 00 

Lawrence city bonds, 1894, 6s . . . . 5,000 00 5,525 00 

Milwaukee city bonds, 1891, 5s . . . 2,500 00 2,500 00 

Milwaukee city bonds, 1896, 7s 5,000 00 5,500 00 

Minneapolis city bonds, 1894, 8s . . . 5,000 00 5,600 00 

Portland city bonds, 1887, 6s . . . . 5,000 00 5,400 00 

Portland Water Company bonds, 1888, 6s . 5,000 00 4,500 00 

Salem city bonds, 1891, 6s .... 10,00000 11,10000 

St. Louis city bonds, 1S87, 6s, gold . . 10,000 00 10,300 00 

Adams county (HI.), bonds, 1880, 8s . . 5,000 00 5.100 00 

Columbus city bonds, 1883, 7s 6,000 00 6,180 00 

Dayton (O.) city bonds, 1881, 7s . 2,000 00 2,060 00 

Jeff ersonville city bonds, 1896, 7 T %s . . 7,000 00 7,175 00 

31 shares National Exchange Bank, Salem . 3,100 00 3,410 00 

10 " First National Bank, Salem . . 1,000 00 1,200 00 

35 " Mercantile National Bank, Salem . 3,500 00 3,675 00 

39 " Naumkeag National Bank, Salem . 3,900 00 5,265 00 



1878.] 



WITH GUARANTEE CAPITAL. 



71 



140 shares Salem National Bank, Salem . 
65 * ' National Bank of Commerce, Boston, 
50 " National Bank of Republic, Boston, 
15 " Blackstone National Bank, Boston . 
15 " Freeman's National Bank, Boston . 
30 " Globe National Bank, Boston . 
80 " Merchants' National Bank, Boston, 

30 " National Revere Bank, Boston 
75 " Second National Bank, Boston 

50 < ' Union Market Nat'l B'k, Watertown, 
100 ' ' Pitts., F. Wayne, and Chi. R. R. , 7s, 
50 " Ogdensburg and Lake Champ. R.R 

31 " Old Colony Railroad 

50 " Portland, Portsmouth, and Saco R.R 
Chicago, Burlington, and Quincy R.R. bonds, 7s 
Eastern Railroad bonds .... 
Vermont and Canada Railroad bonds, 8s 
Central New Jersey Railroad bonds, 7s . 
Union Pacific Railroad bonds, 6s, gold . 
Central Pacific (L. G.) Railroad bonds . 
Scioto Valley Railroad bonds . 



$14,000 00 

6,500 00 

5,000 00 

1,500 00 

1,500 00 

3,000 00 

8,000 00 

3,000 00 

7,500 00 

5,000 00 

10,000 00 

5,000 00 

3,100 00 

5,000 00 

16,500 00 

21,000 00 

2,000 00 

6,000 00 

10,000 00 

10,000 00 

6,000 00 



$15,100 00 
5,005 00 
6,225 00 
1,357 50 
1,350 00 
2,580 00 
9,800 00 
2,940 00 
9,750 00 
4,400 00 

10,100 00 

625 00 

3,017 00 

4,650 00 

18,892 50 

14,910 00 

540 00 

4,440 00 

10,850 00 
9,500 00 
5,550 00 



$355,100 00 $360,533 25 



Securities held as collateral for cash loans : — 

125 shares Phillips Wharf Company, Salem, 
with lease assigned 

Summary of Assets, Dec 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in the Salem National Bank 
Premiums in course of collection (net) . 
Interest due and accrued .... 

Rents due ...... 

Gross Assets 

Liabilities. 

Claimed and reported losses, not adjusted 
Unearned premiums on outstanding risks 
Return premiums on cancelled policies . 
Dividends of profits unpaid on terminated 
policies ....... 

Gross Liabilities, except Guarantee Capital, 

Surplus as regards Policy-holders 
Guarantee Capital 



Market value. Loaned thereon. 



$12,885 41 



31, 1878. 

$40,000 00 

17,500 00 

360,533 25 

12,885 41 

1,183 09 

11,642 59 

1,309 30 

5,158 82 

97 00 



$2,015 00 

145,824 40 

220 48 



$450,309 46 



914 87 



- 148,974 75 

. $301,334 71 
. 100,000 00 



Surplus over Guarantee Capital 



. $201,334 71 



72 



MASS. MUTUAL FIRE INS. COS. [Dec. 31, 



Income. 

Gross cash premiums received during the year, $84,856 75 
Deduct return premiums and re-insurance . 2,262 08 

Net cash premiums received .... 

Received for interest on mortgages 

for interest from all other sources .... 

for rents ......... 

Deposit notes received during the year . . $82,888 00 



$82,594 67 

819 93 

22,070 28 

2,033 37 



Gross Cash Income $107,518 25 



Expenditures. 
Paid for losses during the year 

for brokerage and commissions 

for salaries and fees of officers and employes 

Cash dividends paid 

Paid for State and local taxes .... 

for profits or surplus on terminated policies 

for improvement of real estate 

for incidental expenses .... 



Gross Cash Expenditures . 



.963 24 
13,424 32 

7,421 00 
10,000 00 

1,287 17 
27,368 91 

3,832 80 

2,645 43 

.942 87 



Miscellaneous. 



Risks outstanding Dec. 31, 1877 
written during 1878 
Total .... 
Risks terminated during 1878 . 



$20,237,621 57 
6,717,954 50 



826,955,576 07 
7,056,519 20 



Net amount in force Dec. 31, 1878 819,899,056 87 

Deposit notes received on outstanding risks . . . 286,326 14 

Losses incurred during the year ..... 25,978 24 

Whole amount of net profits reserved for the security of the insured, as 

required by sect. 11, chap. 375, Acts of 1872, $50,333.67. 
Rate of interest realized on investments of guarantee capital, 5. 27 per cent. 



MASSACHUSETTS MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 21, 1872. Commenced business Jan. 1, 1873.] 

Guarantee Capital, 8200,000. 

Charles B. Cumings, President. Secretary, John M. Corbett. 

Office, 39 Court Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

. $15,000 00 $15,000 00 

8,000 00 S,0S0 00 

10,000 00 12,200 00 

7,000 00 8,750 00 



150 shares Tremont National Bank 
80 " Hamilton National Bank 

100 " Merchants' National Bank 
70 " National Union Bank . 



1878.] 



WITH GUARANTEE CAPITAL. 



73 



160 shares New England National Bank 
100 " Columbian National Bank 
25 " Globe National Bank 
100 " National Webster Bank . 
Eastern Railroad bonds . 
Nashua and Rochester Railroad bonds 
Boston and Lowell Railroad notes . 



116,000 00 
10,000 00 
2,500 00 
10,000- 00 
16,000 00 
10,000 00 
10,000 00 



$20,960 00 

13,550 00 

2,150 00 

9,400 00 

11,360 00 

9,000 00 

10,000 00 



$114,500 00 $120,450 00 



Summary of Assets, Dec. 31, 1878. 



Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule 
Cash deposited in the New England Trust Co 
Premiums in course of collection (net) . 
Interest due and accrued .... 
Gross Assets 

Liabilities. 
Losses and claims adjusted, but not due . 
Claimed and reported losses, not adjusted 
Unearned premiums on outstanding risks 
Dividends of profits unpaid on terminated 

policies 

Gross Liabilities, except Guarantee Capital, 

Surplus as regards Policy-holders 
Guarantee Capital 



$162,500 00 

120,430 00 

18,863 47 

2,935 16 

3,450 93 



$22 50 

33 82 

88,148 22 

1,524 38 



$308,199 56 



- 89,728 92 

. $218,470 64 
. 200,000 00 



Surplus over Guarantee Capital 

Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . 
Received for interest on mortgages . 

for interest from all other sources 



,470 64 



Gross Cash Income 



,016 12 
849 94 



Expenditures. 
Paid for losses during the year 

for brokerage and commissions 

for salaries and fees of officers and employes 

for interest on borrowed money 

for State and local taxes .... 

for profits or surplus on terminated policies 

for rents ....... 

for incidental expenses .... 
Cash dividends paid 



Gross Cash Expenditures . 
10 



$79,166 18 
9,569 66 
6,099 27 

$94,835 11 



$9,340 17 

3,196 25 

8,896 88 

96 33 

2,902 53 

21,116 83 
3,000 00 
1,409 45 

18,000 00 

$67,958 44 



74 



MASS. MUTUAL FIRE INS. COS. [Dec. 31, 



Miscellaneous. 



$14 
9 



747,070 00 
463,214 00 



Risks outstanding Dec. 31, 1877 
written during 1878 
Total .... 
Risks terminated during 1878 . 

Net amount in force Dec. 31, 1878 

Losses incurred during the year 

Percentage of profits or surplus returned during 1878, 20 per cent. 

Whole amount of net profits reserved for the security of the insured, as 

required by sect. 11, chap. 375, Acts of 1872, $8,337.97. 
Rate of interest actually realized upon the investments of the guarantee 

capital, 5 t 2 q 9 q per cent. 



- $24,210,284 00 
. 9,711,719 00 

. $14,498,565 00 
9,396 49 



MECHANICS' MUTUAL INSURANCE COMPANY, BOSTON. 

Mutual Department. 

[Incorporated May, 1875. Commenced business May, 1875.] 

Guarantee Capital, 8200,000. 

Alfred Bicknell, President. Secretary, John H. Robinson. 

Office, No. 45 Milk Street. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Metropolitan Railroad bonds .... $10,000 00 $10,800 00 

Andover and Lowell Railroad bonds . . 10,000 00 10,200 00 

Eastern Railroad bonds 10,500 00 7,560 00 

Burlington and Missouri River R.R. bonds . 7,200 00 7,488 00 

Boston and Albany Railroad stock . . . 10,000 00 12,900 00 

Boston and Maine Railroad stock . . . 10,000 00 10,900 00 

Chicago, Burlington, and Quincy R.R. stock . 5,000 00 5,500 00 

United States bonds 5,000 00 5,200 00 

District of Columbia bonds .... 5,000 00 4,000 00 

Central National Bank, Boston, stock . . 2,500 00 2,150 00 

Hide and Leather National Bank stock . . 4,200 00 4,242 00 

Everett National Bank stock .... 4,300 00 3,956 00 

North America National Bank stock . . 6,800 00 6,460 00 

Webster National Bank stock .... 6,000 00 5,640 00 

Eagle National Bank stock .... 4,600 00 4,692 00 

Blackstone National Bank stock . . . 1,900 00 1,848 00 

Traders' National Bank stock .... 500 00 425 00 

State National Bank stock .... 2,200 00 2,398 00 

Revere National Bank stock .... 500 00 500 00 

Howard National Bank stock .... 3,600 00 3,636 00 

Manufacturers' National Bank stock . . 3,500 00 3,080 00 



$113,300 00 $113,575 00 



1878.] 



WITH GUAKANTEE CAPITAL. 



75 



Summary of Assets, Dec 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 

deposited in the Mass. L. and T. Co. 

deposited in the Nat'l B'k No. America 
Premiums in course of collection (net) . 
Interest due and accrued .... 

Book accounts 

Gross Assets 

Liabilities. 

Claimed and reported losses, not adjusted 
Unearned premiums on outstanding risks 
Due to other companies for re-insurance . 
Return premiums on cancelled policies . 

Rents 

Gross Liabilities, except Guarantee Capital, 

Surplus as regards Policy-holders 
Guarantee Capital .... 



. 31, 1878. 


9 


$8,200 00 




. 95,921 00 




. 113,575 00 




2,070 57 




16,000 00 




4,949 41 




1,661 18 




3,391 19 




381 39 






$246,149 74 




$3,926 00 




39,695 55 




17 52 




60 07 




50 46 






43,749 60 


l > 


. . . . 


$202,400 14 




200,000 00 



Surplus over Guarantee Capital 

Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance 
Net cash premiums received . 
Received for interest on mortgages 

for interest from all other sources 

from commissions 

from sundries . 



^2,400 14 



Gross Cash Income 



$24,913 55 

2,265 68 



Expenditures. 
Paid for losses during the year 

for brokerage and commissions 

for salaries and fees of officers and employes 

for dividends on guarantee capital 

for State and local taxes . 

for rents 

for incidental expenses . 



Gross Cash Expenditures 

Miscellaneous. 

Risks outstanding Dec. 31, 1877 
written during 1878 
Total ...... 



$22,647 87 

7,720 36 

5,791 74 

158 00 

42 33 

$36,360 30 



$15,994 02 
2,407 83 
1,923 20 
13,000 00 
908 00 
1,388 00 
1,156 68 

$36,777 73 



£6,025,456 00 
2,297,603 00 



5,323,059 00 



76 



MASS. MUTUAL FIRE INS. COS. [Dec. 31, 



Risks terminated during 1878 . . . .$1,987,820 00 
re-insured during 1878 .... 16,500 00 
Total deductions 82,004,320 00 

Net amount in force Dec. 31, 1878 $6,318,739 00 

Losses incurred during the year 19,408 17 

Dividends in arrears or percentage of dividends to which the holders of 
the guarantee capital would be entitled in case the profits were suffi- 
cient therefor, 24 per cent. 
Rate of interest realized upon the investments of the guarantee capital, 
5 per cent 



1878.] 



WITH GUARANTEE CAPITAL. 



77 



AGGREGATE. 



Guarantee Capital 



Assets. 



Gross present Assets 



Liabilities. 
Gross present Liabilities 



Income. 

Cash received for premiums during the year 
for interest and dividends 
from all other sources . 

Gross Cash Income 



Expenditures. 
Cash paid for losses ..... 

for brokerage and commission on premiums 

for salaries and fees of officers and employes 

for dividends ..... 

for State and local taxes 

for return of profits or surplus 

for all other expenditures 

Gross Cash Expenditures 



General Items. 

Risks "written during the year 

terminated during the year 
outstanding at end of year 

Losses incurred during the year 

Net profits reserved 



$500,000 00 



$1,004,659 00 



$282,454 00 



$184,409 00 

52.071 00 

2,233 00 



$238,713 00 



$49,297 00 
19,028 00 
18,241 00 
41,096 00 
5,098 00 
48,486 00 
13,432 00 



$194,678 00 



$18,478,771 00 

18,772,558 00 

40,716,361 00 

54,782 00 

58,672 00 



MASSACHUSETTS 

MUTUAL MARINE AND FIEE-MAEINE 
INSURANCE COMPANIES. 



Detailed Statement of Assets and Liabilities, with Abstract 

op Annual Statements, for the Year ending 

Dec. 31, 1878. 



80 



MASS. MUTUAL MARINE AND [Dec. 31, 



DETAILED STATEMENT OF ASSETS AND LIABILITIES. 



ATLANTIC MUTUAL FIRE AND MARINE INSURANCE COM- 
PANY, PROVINCETOWN. 

[Incorporated April 13, 1854. Commenced business March, 1855.] 

"Whole amount of Guarantee Fund $100,000 00 

Paid up in subscription notes 100,000 00 

Outstanding scrip not ordered to be redeemed . . . 89,104 00 

Joshua Paine, President. Secretary, Lewis Nickerson. 

Office, No. 83 Commercial Street. 



Detailed Statement of Stocks, 



United States bonds, 1881 

Chicago city bonds, 7s . 

Cincinnati city bonds, 7 T 3 ^s 

Long Island city bonds, 7s 

Dayton city bonds, 7s 

Rockland city bonds, 6s . 

Thomaston town bonds, 6s 

Hyde Park town bonds, 7s 

45 shares Republic National Bank, Boston 

78 " Freeman's National Bank, Boston 

15 " Revere National Bank 

16 " Hide and Leather Nat'l B'k, Boston 
15 " Traders' National Bank, Boston 

15 " State National Bank, Boston . 

30 " First National Bank, Provincetown 
80 " Chicago and North- Western R.R. 

16 " Boston and Albany Railroad . 

35 " Burl., Cedar Rapids, and No. R.R 
5 ; ' Chicago, St. P., and Minneap. R.R 
Mich. Air-Line R.R. 1st mortgage bonds 
Conn. Western R.R. 1st mortgage bonds 
Chicago, St. P., and Minneap. 1st mort. bonds 
Chi., St. P., and Minneap. Land-Grant bonds 
Burl., Cedar Rapids, and No. R.R. 1st mort 
Portland Water Company's bonds . 
Portland Water Company's scrip . 
New England Mort. Security Co.'s bonds 

Personal loans 

Insurance scrip (own) . . . $240 00 
Office furniture . . . 393 15 



Bonds, Etc. 

Par value. 

$6,000 00 
10,000 00 
5,000 00 
. 2,000 00 
2,000 00 
3,000 00 
2,000 00 
2,000 00 
4,500 00 
7,800 00 
1,500 00 
1,600 00 
1,500 00 
1,500 00 
3,000 00 
8,000 00 
1,600 00 
3,500 00 
500 00 
7,000 00 
5,000 00 
3,000 00 
3,000 00 
4,000 00 
2,000 00 
138 00 
2,000 00 
3,164 53 



Market value. 

86,382 50 
10,800 00 
5,000 00 
2,040 00 
2,040 00 
3,000 00 
2,000 00 
1,900 00 
5,580 00 
7,020 00 
1,500 00 
1,600 00 
1,275 00 
1,620 00 
4,740 00 
6,240 00 
2,064 00 
875 00 

7,360 00 

2,500 00 
2,700 00 
1,800 00 
2,800 00 
2,000 00 
138 00 
2,140 00 
3,075 86 



$96,302 53 $90,180 36 



1878.] 



FIRE-MARINE INSURANCE COS. 



81 



Summary of Assets, Dec. 31, 1878. 

Stocks, bonds, etc., as per schedule . . $90,180 36 

Cash in the office of the company . . . 1,148 16 

deposited in First National Bank . . 3,712 86 

Interest due and accrued 1,720 66 

Premiums in course of collection (net) . . 6,392 35 

Notes taken for marine and inland risks . . 35,363 11 

Notes taken for marine and inland risks overdue, 13,205 50 

Re-insurance due from other companies . . 439 20 
Unpaid stock or subscription notes, on time not 

exceeding 12 months, not yet due . . 100,000 00 

Gross Assets ...... 

Liabilities. 

Losses adjusted, unpaid $10,489 00 

claimed and reported .... 6,200 00 

disputed or resisted .... 5,750 00 

Unearned premiums on outstanding risks . 34,562 11 

Interest due or accrued on scrip . . . 144 69 

Due and accrued for rent, salaries, etc. . . 700 00 

Due for borrowed money .... 746 85 

State and local taxes ..... 83 23 

Gross Liabilities, except Guarantee Fund 

and Scrip ...... 

Surplus as regards Policy-holders . .... 

Guarantee Fund $100,000 00 

Scrip outstanding, not ordered to be redeemed, 89,104 00 



$252,162 20 



Surplus over Guarantee Fund and Scrip . 

Income. 

Cash rec'd for marine and inland premiums . 
Deduct re-insurance and return premiums 
Net cash rec'd for marine and inland prems. . 
Unpaid premium notes received 

during the year . . . $50,319 10 
Interest and dividends received from all sources 



$60,721 54 
5,841 95 



Gross Cash Income 



Expenditures. 

Cash paid for marine and inland losses . 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Interest paid scripholders 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 
11 



$52,108 70 
2,059 33 



58,675 88 
$193,486 32 

189,104 00 
$4,382 32 

$54,879 59 

5,755 30 
,634 89 



$50,049 37 

5,346 24 

2,530 61 

1,450 00 

499 17 

536 50 

$60,411 89 



82 



MASS. MUTUAL MARINE AND [Dec. 31, 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Miscellaneous. 
Marine losses incurred during the year . 



. $535,036 00 
. 857,311 00 



61,393,247 00 
. 923,958 00 



$469,289 00 
12,000 00 



Premiums. 

$41,655 48 
50,319 10 

$91,974 58 
56,611 47 

$35,363 11 
754 75 



$457,289 00 $34,608 36 



$49,763 00 



BOYLSTON MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 26, 1872. Commenced business Jan. 8, 1873.] 

Whole amount of Guarantee Fund §557,200 00 

Paid up in cash 557,200 00 

Outstanding scrip not ordered to be redeemed . . . 79,700 00 

J. W. Balch, President. Secretary, Washington Glover. 

Office, No. 45 State Street. 

Detailed Statement of Stocks, 

United States bonds .... 
New England Mortgage Security Co. bonds 
Boston and Providence Railroad bonds . 
Framingham and Lowell Railroad bonds 
250 shares Merchants' National Bank 



191 
150 
283 
300 
300 
200 

17 
328 
225 
200 

50 



State National Bank 
Merchandise National Bank . 
National Bank of the Republic 
Washington National Bank . 
Columbian National Bank 
Tremont National Bank 
New England National Bank . 
Phila., Wil., and Bait. Railroad 
Fitclibtirg Railroad 
Boston and Providence Railroad 
Boston and Albany Railroad . 



Securities held as collateral for cash loans : 

100 shares First National B'k, Concord, N.H. 
500 " Cedar Rapids and Mo. R. R.R. 

Boston and Lowell Railroad bonds . 
Iowa Falls and Sioux City Railroad bonds 



s, Bonds, Etc 


. 


Par value. 


Market value. 


. $39,000 00 


i.210 00 


10,000 00 


10,500 00 


. 100,000 00 


117,000 00 


25,000 00 


22.500 00 


25,000 00 


30,625 00 


19,100 00 


20,628 00 


15,000 00 


13,500 00 


. 28,300 00 


35,233 50 


30,000 00 


36,300 00 


30,000 00 


40,650 00 


20,000 00 


20,000 00 


1,700 00 


2,193 00 


16,400 00 


21,238 00 


22,500 00 


25.237 50 


20,000 00 


20,300 00 


5,000 00 


6,450 00 


$407,000 00 


$402,565 00 


Market value. Loaned thereon. 


. $15,000 00 


*10,000 00 


537 50 


475 00 


1,136 25 


400 00 


13,750 00 


10 r 000 00 


$30,423 75 


1,875 00 



1878.] 



FIRE-MARINE INSURANCE COS. 



83 



$902,624 55 



Summary of Assets, Dec. 31, 1878. 

Cash value of unencumbered real estate . . $18,000 00 

Loans on mortgage of real estate (first liens*), 235,161 23 

Interest due or accrued thereon . . . 8,759 11 

Stocks, bonds, etc., as per schedule . . 462,565 00 

Loans on collateral security, as per schedule . 20,875 00 

Cash in the office of the company . . . 24,284 88 

deposited in Washington National Bank, 60,934 98 

Interest due and accrued .... 506 00 

Premiums in course of collection (gross) . . 6,985 06 

Notes taken for marine and inland risks . . 60,681 18 

Re-insurance due from other companies . . 3,872 11 
Premiums more than 3 months due . $999 30 

Gross Assets 

Liabilities. 

Losses claimed and reported .... $31,080 00 

disputed or resisted .... 12,920 00 

Unearned premiums on outstanding risks . 158,364 05 

Unused balances of premium notes . . . 6,551 71 

Interest due or accrued on scrip . . . 126 00 

Due and accrued for rent, salaries, etc. . . 600 00 

Commissions and brokerage .... 450 59 

Return premiums ...... 415 52 

Gross Liabilities, except Guarantee Fund 

and Scrip ...... 

Surplus as regards Policy-holders 

Guarantee Fund . ... . . . $557,200 00 

Scrip outstanding, not ordered to be redeemed, 79,700 00 

Surplus over Guarantee Fund and Scrip .... 

Income. 
Cash received for fire premiums . . . $100,910 21 
Deduct re-insurance and return premiums . 12,188 82 

Net cash received for fire premiums . . 

Cash received for marine and inland premiums, $138,720 06 
Deduct re-insurance and return premiums . 19,343 43 

Net cash received for marine and inl'd prems. 

Unpaid premium notes received 

during the year . . . $50,169 98 
Interest and dividends received from all sources 
Income from policy fees ........ 

Premium on gold ......... 

Cancelled scrip . . . . ...... 

Gross Cash Income $251,08176 



210,507 87 
$692,116 68 



636,900 00 
$55,216 68 



,721 39 



119,376 


63 


42,174 54 


388 


00 


51 


20 


370 00 



* Value of lands mortgaged $177,600 00 

Value of buildings thereon 150,400 00 

Amount of insurance held as collateral .... 153,000 00 



84 



MASS. MUTUAL MARINE AND [Dec. 31, 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses . 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Interest paid scripholders 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for rent and incidental expenses 

Gross Cash Expenditures . 



Risks and Premiums. 



$33,294 52 
566 45 



5,558 49 
26,330 26 



832,728 07 



139,228 23 

66,753 00 

4,281 60 

10,024 55 

22,700 00 

6,640 55 

9,825 79 

$292,181 79 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force . 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force . 



Premiums. 

$224,194 72 
95,111 69 

1319,306 41 

145,075 77 

8174,230 64 
2,882 05 

815,360,453 00 8171,348 59 



818,744,325 00 
13,069,838 00 

831,814,163 00 
16,160,110 00 

815,654,053 00 
293,600 00 



880,701 20 
81,345 61 

8102,046 81 
93,526 81 

$68,520 00 
1,953 79 

1,970,837 00 866,566 21 



$7,209,084 00 
11,051,667 00 

818,260,751 00 
11,201,700 00 

1 7, 059, 051 00 
88,214 00 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company . 
Cash dividends declared from organization of company 
Dividends declared during the year (000 per cent) 
Fire losses incurred during the year . . . . 
Marine and inland losses incurred during the year 
Company's stock owned by directors .... 
Scrip dividends declared during the year 



82,188,813 48 

1,182,388 99 

441,772 00 

66,753 00 

37,490 00 

115,828 23 

27,500 00 

16,860 00 



1878.] 



FIRE-MARINE INSURANCE COS. 



85 



CHINA MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated April 30, 1853. Commenced business Oct. 1, 1853.] 

William Perkins, President. Secretary, George L. DeBlois. 

Office, No. 52 State Street. 



Detailed Statement of Stocks, 



United States bonds 
Brookline water bonds, 7s 
Beverly town loan . 
100 shares Atlas National Bank 



100 
100 
300 
150 
300 

16 
120 
100 
300 
200 

30 
350 
300 
300 
200 
120 

40 



Old Boston National Bank 
Continental National Bank 
Columbian National Bank 
Commerce National Bank 
Hide and Leather National Bank 
Massachusetts National Bank 
North National Bank 
New England National Bank . 
Republic National Bank 
Second National Bank . 
State National Bank 
Tremont National Bank 
Webster National Bank . 
Washington National Bank . 



1 Boston and Albany Railroad . 
' Boston and Providence Railroad 
' Boston and Lowell Railroad . 

Eastern Railroad mortgage bonds . 

Houston and Texas Central Railroad bond 

Boston Gas Company's bonds, 6s . 

Insurance scrip of other companies . 

95 shares Relief Steamboat Co. . $1,000 00 

Securities held as collateral for cash loans: — 



Corporation notes, indorsed 

Boston and Lowell Railroad notes . 

Rutland Railroad bonds . 

China Mutual Insurance Company scrip 

Houston and Texas Railroad notes . 

Individual notes, indorsed 



Bonds, Etc. 

Par value. 

$80,000 00 
10,000 00 
20,000 00 
10,000 00 

5,000 00 
10,000 00 
30,000 00 
15,000 00 
30,000 00 

4,000 00 
12,000 00 
10,000 00 
30,000 00 
20,000 00 

3,000 00 
35,000 00 
30,000 00 
30,000 00 
20,000 00 
12,000 00 
20,000 00 
53,000 00 

2,500 00 
50,000 00 

3,954 00 



Market value. 

$85,020 00 
11,800 00 
21,000 00 
10,600 00 

5,800 00 

8,500 00 
40,500 00 
11,250 00 
30,000 00 

4,120 00 
13,080 00 
12,800 00 
37,200 00 
26,000 00 

3,240 00 
35,000 00 
28,200 00 
36,300 00 
25,800 00 
12,120 00 
12,000 00 
37,630 00 

1,000 00 
51,000 00 

3,500 00 



$545,454 00 $563,460 00 



Market value. 

$253,220 35 

25,000 00 

7,370 00 

13,000 00 

329 63 

14,823 90 



Loaned thereon. 

$253,220 35 

25,000 00 

6,000 00 

12,000 00 

329 63 

10,823 90 



$313,743 88 $307,373 88 

Summary of Assets, Dec. 31, 1878. 
Stocks, bonds, etc., as per schedule . . $563,460 00 

Loans on collateral security, as per schedule . 307,373 88 



86 



MASS. MUTUAL MARINE AND [Dec. 31, 



Cash deposited in Columbian National Bank 
Interest due and accrued 
Notes taken for marine and inland risks . 
Gross Assets 

Liabilities. 
Losses claimed and reported . 

Unearned premiums on outstanding risks 

Due and accrued for rent, etc. 

Commissions and brokerage 

Gross Liabilities, except Scrip . 

Surplus as regards Policy-holders 
Scrip outstanding, not ordered to be redeemed 



164,596 52 

1,420 00 
281,088 40 



$1,217,938 80 



$30,000 00 

198,292 28 

625 00 

500 00 



229,417 28 

-.521 52 
791,800 00 



Surplus over Scrip $196,721 52 

Income. 

Cash received for marine and inland premiums, $402,980 69 

Deduct re-insurance and return premiums . 48,705 73 

Net cash received for marine and inl'd prems. 



Unpaid prem. notes received during the year, $297,088 40 
Interest and dividends received from all sources 
Income from re-insurance scrip, etc. 



Gross Cash Income 



Expenditures. 
Cash paid for marine and inland losses . 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
Cash paid for redemption of scrip . 
Interest paid scripholders 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidental expenses . 

Gross Cash Expenditures . 

Risks and Premiums. 



$375,440 01 
112,652 05 



Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 

Deduct amount re-insured 

i 
Net amount in force 



89,714,591 00 
16,640,202 00 

$26,354,793 00 
17,860,381 00 

$S,494,412 00 
260,000 00 



$354,274 96 

44,717 79 
3,471 87 

1402,464 62 



$262,787 96 

146,620 00 

46,071 60 

7,211 08 

19,620 00 

3,682 67 

11,266 44 

$497,259 75 

Premiums. 

$261,3S2 34 
283,70S 79 

8545,091 13 
346,798 85 

$198,292 28 

6,945 23 



$8,234,412 00 $191,347 05 



Miscellaneous. 
Scrip dividends declared during the year . 
Marine and inland losses incurred during the year . 



1172,480 00 

197,787 96 



1878.] 



FIRE-MARINE INSURANCE COS. 



87 



INDIA MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated March 29, 1867. Commenced business May 22, 1867.] 



Whole amount of Guarantee Fund 

Paid up in subscription notes 

Outstanding scrip not ordered to be redeemed 



3124,500 00 
124,500 00 
125,298 00 



John H. Dane, President. Secretary, William L. Caverly. 

Office, No. 49 State Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value 

15 shares Hamilton National Bank . . $1,500 00 $1,526 25 

60 " Webster National Bank . . . 6,000 00 5,640 00 

100 " Boston and Maine Railroad . . 10,000 00 10,887 50 

150 " Old Colony Railroad . . . 15,000 00 14,550 00 

50 " Boston and Providence Railroad . 5,000 00 5,075 00 

Framingham and Lowell Railroad bonds . 10,000 00 9,500 00 

Nashua and Rochester Railroad bonds . . 18,000 00 16,200 00 

Old Colony Railroad bonds .... 10,00000 . 11,57500 

Fitchburg Railroad bonds .... 23,000 00 25,507 50 

Boston and Maine Railroad bonds . . . 5,000 00 5,825 00 

Boston and Albany Railroad bonds . . . 2,000 00 2,360 00 

Highland Street Railroad bonds . . . 2,000 00 2,087 50 

Cleveland city bonds ...... 2,00000 2,16000 

New England Mortgage Security Co. bonds . 14,000 00 14,630 00 

China Mutual Insurance Company's scrip . 4,260 00 4,047 00 



$127,760 00 $131,570 75 

Summary of Assets, Dec. 31, 1878. 

Stocks, bonds, etc., as per schedule . . . $131,570 75 

Cash in the office of the company . . . 8,085 63 

deposited in Market National Bank . 16,151 29 

Interest due and accrued .... 1,585 86 

Notes taken for marine and inland risks . . 90,811 08 
Subscription notes on time not exceeding 12 

months, not yet due 124,500 00 

Gross Assets $372,704 61 

Liabilities. 

Losses claimed and reported .... $24,577 00 

Unearned premiums on outstanding risks . 84,380 57 

Interest due or accrued on scrip ... 40 44 

Due and accrued for rent, salaries, etc. . . 625 00 
Gross Liabilities, except Guarantee Fund 

and Scrip $109,623 01 



Surplus as regards Policy-holders $263,081 60 



88 



MASS. MUTUAL MARINE AXD [Dec. 31, 



Guarantee Fund $124,500 00 

Scrip outstanding, not ordered to be redeemed, 125,298 00 



Surplus over Guarantee Fund and Scrip 



$249,798 00 
113,283 GO 



Income. 

Cash received for marine and inland premiums, $127,882 43 
Deduct re-insurance and return premiums . 4,541 07 

Net cash received for marine and inl'd prems. $123,341 36 

Unpaid premium notes received 

during the year . . . 875,155 77 
Interest and dividends received from all sources . . . 7,336 74 



Gross Cash Income $130,678 10 

Expenditures. 
Cash paid for marine and inland losses . . $94,378 49 
Deduct salvage and re-insurance . . . 8,961 02 

Net cash paid for marine and inland losses 
Interest paid scripholders 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes 

for rent and incidental expenses 

Gross Cash Expenditures . 

Risks and Premiums. 



$85,417 47 

6,007 80 

2,505 31 

10,500 00 

994 85 

5,930 04 

$111,355 47 



Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$2,112,773 00 $108,338 13 
2,991,418 00 93,2S4 50 



$5,104,191 00 $201,622 63 
3,196,771 00 117,242 06 



$1,907,420 00 $S4,3S0 57 
87,500 00 2,397 50 



$1,819,920 00 $S1,983 07 



Miscellaneous. 

Premiums received from organization of company . . $1,425,627 10 

Losses paid from organization of company . . . 1,013,282 16 

Scrip dividends declared during the year .... 25,081 00 

Marine and inland losses incurred during the year • • 84,715 49 



1878.] 



FIRE-MARINE INSURANCE COS. 



89 



NEW ENGLAND MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated March 23, 1872. Commenced business June 1, 1872.] 

Whole amount of Preferred Permanent Fund . . . $350,000 00 

Paid up in cash 208,000 00 

Paid up in subscription notes 142,000 00 

George C. Lord, President. Secretary, Alfred Presson. 

Office, No. 62 State Street. 



Detailed Statement of Stocks, 

46 shares Traders' National Bank, Boston 

44 
105 

25 

10 
113 

30 
124 

70 

25 
250 
130 
100 



Hide and Leather National Bank 
Republic National Bank 
Revere National Bank . 
Atlantic National Bank . 
Shawmut National Bank 
Eliot National Bank 
Tremont National Bank . 
Continental National Bank 
Dry Goods National Bank, N.Y. 
Boston and Maine Railroad . 
Ogdensburg and Lake Cham. R.R 
Phila., Wil., and Baltimore R.R. 
Boston and Maine Railroad bonds . 
Boylston Mutual Insurance Company's scrip 
Relief Steamboat stock . . . 8114 00 



Securities held as collateral for cash loans: — 

101 shares Boston and Maine Railroad . 
United States bonds 



Bonds, Etc. 

Par value. 

$4,600 00 
4,400 00 

10,500 00 
2,500 00 
1,000 00 

11,300 00 
3,000 00 

12,400 00 

7,000 00 

437 50 

25,000 00 

13,000 00 
5,000 00 

25,000 00 
30 00 



Market value. 

$3,910 00 
4,422 00 

13,072 50 
2,450 00 
1,250 00 

11,526 00 
2,350 00 

12,400 00 

5,950 00 

437 50 

27,250 00 
6,890 00 
6,500 00 

29,125 00 
24 00 



$125,167 50 $128,057 00 

Market value. Loaned thereon. 

$11,009 00 $10,000 00 

1,549 00 1,500 00 



Summary of Assets, Dec. 

Loans on mortgage of real estate (first liens*), 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in bank and with London 
bankers ..... 
Interest due and accrued 
Premiums in course of collection (gross) . 
Notes taken for marine and inland risks . 
Salvage on losses paid .... 



$12,558 00 $11,500 00 

31, 1878. 

$36,000 00 

1,551 53 

128,057 00 

11,500 00 

921 44 

27,522 00 

1,378 92 
11,794 41 

93,174 04 

3,000 00 



* Value of lands mortgaged 
Value of buildings thereon 
Amount of insurance held as collateral . 
12 



$58,750 00 
55,250 00 
33,500 00 



90 



MASS. MUTUAL MARINE AND [Dec. 31, 



$20,875 00 

91,700 44 

62 50 

1,500 00 



Ledger accounts $99 40 

Subscription notes, on time not exceeding 12 

months, not yet due 142,000 00 

Gross Assets $456,998 74 

Liabilities. 
Losses claimed and reported . 
Unearned premiums on outstanding risks 
Interest due and unpaid .... 
Due and accrued for rent, salaries, etc. . 

Gross Liabilities, except Preferred Perma- 
nent Fund 114,137 94 

Surplus as regards Policy-holders $342,860 80 

Preferred Permanent Fund 350,000 00 

Impairment of Preferred Permanent Fund . . . $7,139 20 

Income. 

Cash received for fire premiums . . . $11,266 44 
Deduct re-insurance and return premiums . 1,143 99 

Net cash received for fire premiums . . 

Cash received for marine and inl'd premiums . $137,695 40 
Deduct re-insurance and return premiums . 12,993 25 

Net cash received for marine and inl'd prems. 

Unpaid premium notes received 

during the year . . . $98,705 02 
Interest received on mortgages . . .... 

Interest and dividends received from all other sources . 



810,122 45 



$124,702 15 



2,430 50 
6,908 62 



Gross Cash Income $144,163 72 



Expenditures 

Cash paid for fire losses .... 
paid for marine and inland losses . 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 
Premium on gold ..... 



$4,759 36 



$117,098 55 
2,752 20 



Gross Cash Expenditures . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 



$1,602,128 00 
1,205,321 00 



§114,346 35 

15,967 50 

4,615 82 

13,200 00 

1.246 47 

11,409 50 

63 18 

$165,608 18 



Premiums. 

817.568 68 
10,1S7 37 



$2,807,449 00 $27,756 05 



1878.] FIRE-MARINE INSURANCE COS. 



91 



Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re- insured 

Net amount in force . 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$1,486,143 00 $13,374 96 



$1,321,306 00 
36,250 00 



$2,136,924 00 
4,151,562 00 

$6,288,486 00 
4,155,394 00 

$2,133,092 00 
29,668 00 



$2,103,424 00 

Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year .... 

Fire losses incurred during the year 

Marine and inland losses incurred during the year . 

Company's stock owned by directors 



$14,381 09 
198 30 



,285,056 00 $14,182 79 



$90,172 70 
108,154 10 

$198,326 80 
114,538 71 

$83,7S8 09 
751 93 



3,036 16 



$1,733,093 29 

1,513,807 88 

144,110 00 

16,030 00 

4,359 36 

105,523 55 

72,800 00 



92 



MASS. M. M. AND F. M. INS. COS. [Dec. 31, '78. 



AGGREGATE. 



Whole amount of Guarantee Fund ..... 


$1,131,700 00 


in cash ....... 


765,200 00 


in subscription notes .... 


366,500 00 


outstanding scrip not cancelled 


1,085,902 00 


Assets. 




Gross present Assets 


$3,202,430 00 


Liabilities. 




Gross present Liabilities 


$722,362 00 


Income. 




Cash received during the year for fire premiums . 


s,843 00 


for marine premiums 


776,575 00 


for interest and dividends 


109,324 00 


from all other sources 


4,281 00 


Gross Cash Income 


1989,023 00 


Expenditures. 




Cash paid during the year for fire losses .... 


7,487 00 


for marine losses . 


651.828 00 


for brokerage and commissions on premiums 


26,888 00 


for salaries of officers and employes 


67,470 00 


for interest and dividends to subscribers andmemb's, 


82,720 00 


for State and local taxes ..... 


13,064 00 


for redemption of scrip ...... 


146,620 00 


for interest paid to scripholders during the year . 


61,708 00 


for incidental expenses . . . . 


39,031 00 


Gross Cash Expenditures 


81,126,816 00 


General Items. 




Fire risks written during the year ..... 


814,275,159 00 


Premiums charged or receivable thereon 




105,299 00 


Marine risks written during the year 




35,692,160 00 


Premiums charged or receivable thereon 




616,812 00 


Fire risks terminated during the year . 




17,646,253 00 


Marine risks terminated during the year 




37,338,204 00 


Fire risks outstanding at end of year 




16,645,509 00 


Marine risks outstanding at end of year . 




19,5S5,882 00 


Fire losses incurred during the year 




41.849 00 


Marine losses incurred during the year . 




553, 61S 00 


Scrip dividends declared during the year 




214,421 00 



MASSACHUSETTS 

JOINT-STOCK FIRE, MARINE, AND EIRE-MARINE 
INSURANCE COMPANIES. 



Detailed Statements of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

Dec. 31, 1878. 



94 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



DETAILED STATEMENT OF ASSETS AND LIABILITIES. 



ALLIANCE INSURANCE COMPANY, BOSTON. 

[Incorporated May 27, 1875. Commenced business July 1, 1875.] 

Paid-up Capital, $200,000. 

George H. Long, President. Secretary, Charles R. Howard. 

Office, No. 43 Milk Street. 



Detailed Statement of 

United States bonds 
Lawrence city bonds, 6s . 
Newton city bonds, 6s 
Cambridge city bonds, 6s 
Charlestown city bonds, 6s 
Water town town bonds, 5s 
Otis town bonds, 5s 
Old Colony Railroad bonds, 6s 
Boston and Albany Railroad bonds, 6s 
Merchandise National Bank stock 
Howard National Bank stock . 
Continental National Bank stock 
Revere National Bank stock . 
Blackstone National Bank stock 
National Webster Bank stock . 
National Commerce Bank stock 
National North America Bank stock 



Stocks, Bonds, Etc. 

Par value. 

§15,000 00 

5,000 00 
5,000 00 
5,000 00 
5,000 00 

10,000 00 
7,000 00 

10,000 00 
5,000 00 
7,500 00 
5,000 00 

20,000 00 
5,700 00 
2,700 00 
2,400 00 
3,300 00 
2,900 00 



Market value. 

$16,050 00 
5,600 00 
5,650 00 
5,706 25 
5,675 00 

10,300 00 
7,210 00 

10,650 00 
5,425 00 
6,750 00 
4,987 50 

17.000 00 
5,714 25 
2.436 75 
2,250 00 
2,541 00 
2,610 00 



$116,500 00 $116,555 75 
Securities held as collateral for cash loans: — 

Market value. Loaned thereon. 

Eastern Railroad bonds $10,687 00^ 

Highland Horse Railroad bonds . . . 5,520 00 I $18,000 00 

Cincinnati city bonds 5,275 00 ) 

Note and mortgage 24,000 00 IS, 000 00 

Middlesex Horse Railroad bonds . . . 6,600 00 5,817 00 

Atchison, Topeka, and Santa Fe R.R. bonds, 5,995 00 5,000 00 

50 shares National Central Bank . . . 4,225 00 3,000 00 

34 " North National Bank . . . 3,740 00 3,400 00 

20 " Phil., Wil., and Baltimore R.R. . 1,300 00 1,000 00 



$67,342 00 $54,217 00 



1878.] AND FIRE-MARINE INSURANCE COS. 



95 



Summary of Assets, Dec. 31, 1878. 




Cash value of unencumbered real estate . 


$88,131 89 




Loans on mortgage of real estate (first liens*) , 


8,C00 00 




Interest due or accrued thereon 


390 00 




Stocks, bonds, etc., as per schedule 


116,555 75 




Loans on collateral security, as per schedule . 


54,217 00 




Cash in the office of the company . 


10,983 85 




deposited in various banks 


18,861 36 




Interest due and accrued .... 


2,088 46 




Premiums in course of collection (gross) . 


15,886 57 




Rents due and accrued ..... 


858 01 




Gross Assets ...... 




$315,972 89 


Liabilities. 






Losses adjusted, unpaid ..... 


$13,983 01 




claimed and reported .... 


6,000 00 




disputed or resisted .... 


4,050 00 




Total amount of losses ..... 


$24,033 01 




Less re-insurance 


1,349 51 




Net amount of unpaid losses .... 


$22,683 50 




Unearned premiums on outstanding risks 


94,486 03 




Commissions and brokerage .... 


2,605 13 




Gross Liabilities, except Capital 




119,774 66 




Surplus as regards Policy-holders 


$196,198 23 






200,000 00 


Impairment of Capital .... 


$3,801 77 


Income. 






Cash received for fire premiums 


$211,570 74 




Deduct re-insurance and return premiums 


31,481 65 




Net cash received for fire premiums 




$180,089 09 




Interest received on mortgages 


• 


885 00 


Interest and dividends received from all other sources . 


9,546 68 


Licome from rents (excess over improvements) 


• • * 


16 57 




$190,537 34 


Expenditures. 






Cash paid for fire losses ..... 


$106,772 72 




Deduct salvage and re-insurance 


1,475 34 




Net cash paid for fire losses .... 




$105,297 38 






16,000 00 


Cash paid for commissions and brokerage 


. 


38,487 14 


for salaries of officers and employes 


. 


10,000 00 


for State and local taxes . 


. . • 


2,721 04 






6,556 80 


for incidental expenses . 


: : : 


10,330 51 


Gross Cash Expenditures .... 


$189,392 87 


* Total value of property mortgaged 


. $16,000 00 



96 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$11,064,811 85 
14,647,545 10 

$25,712,356 95 
11,800,120 54 



$13,912,236 41 
274,428 60 



Premiums. 

$149,219 05 
211,570 74 

$360,789 79 
163,687 76 

$197,102 03 
4,104 52 



$13,637,807 81 $192,997 51 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (8 per cent.) 

Fire losses incurred during the year 

Company's stock owned by directors 



$627,398 53 

247,048 21 

16,000 00 

16,000 00 

112,192 73 

103,700 00 



AMERICAN INSURANCE COMPANY, BOSTON. 

[Incorporated June 12, 1818. Commenced business. June, 1818.] 

Paid-up Capital, 6300,000. 

Francis Peabody, President. Secretary, J. W. Field. 

Office, No. 54 State Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

444 shares Old Boston National Bank . . $22,200 00 $25,752 00 

200 " Columbian National Bank . . 20,000 00 27,000 00 

45 " National Eagle Bank . . . 4,500 00 4,500 00 

170 « Globe National Bank . . . 17,000 00 14,620 00 

142 " Hamilton National Bank . . 14,200 00 14,4S4 00 

62 " New England National Bank . . 6,200 00 8,246 00 

100 «• Suffolk National Bank . . . 10,000 00 10,600 00 

152 " State National Bank . . . 15,200 00 16,416 00 

280 " National Union Bank . . . 28,000 00 36,680 00 

406 " Boston and Albany Railroad . . 40,600 00 52,374 00 

11 " Boston and Lowell Railroad . . 5,500 00 3,245 00 

8 " Merrimack Manufacturing Co. . 8,000 00 10,080 00 

United States bonds, 1881, 5s . . . . 80,000 00 84,800 00 

Boston and Albany Railroad bonds, 7s . . 35,000 00 41,475 00 

57 shares Relief Steamboat Co. . $2,200 00 



Securities held as collateral for cash loans: — 



63 shares Union Wharf Company 



$306,400 00 $350,272 00 

Market value. Loaned thereon. 

$18,900 00 $3,629 58 



1878.] AND FIRE-MARINE INSURANCE COS. 97 



Summary of Assets, Dec. 31, 1878. 



Gash value of unencumbered real estate . 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in Old Boston National Bank 
Interest due and accrued .... 
Premiums in course of collection (gross) . 
Notes taken for marine and inland risks . 
Rents due and accrued .... 
Premiums more than 3 months due . $885 23 
Gross Assets 



$64,000 00 

350,272 00 

3,629 58 

125 97 

51,916 08 

1,632 49 

3,503 85 

29,808 30 

312 50 



$505,200 77 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported 

Total amount of losses 
Less re-insurance . 

Net amount of unpaid losses 
Unearned premiums on outstanding risks 
Due and accrued for salaries, etc. 
Commissions and brokerage 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 

Surplus over Capital 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Cash received for marine and inland premiums, 

Deduct re-insurance and return premiums 

Net cash received for marine and inl'd prems. 

Unpaid premium notes received during the 

year $26,034 42 

Interest and dividends received from all sources 
Income from rents ...... 



$11,644 00 
5,258 81 

$16,902 81 
5,000 00 

$11,902 81 

69,007 01 

740 07 

334 87 



$35,782 97 
3,496 32 

$79,084 17 
9,075 30 



,984 76 



$423,216 01 
300,000 00 

$123,216 01 



Gross Cash Income 



$32,286 65 



70,008 87 



17,999 16 
1,575 00 

$121,869 68 



Expenditures. 

Cash paid for fire losses .... 
paid for marine and inland losses . 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
13 



$62,331 38 
12,492 68 



5,009 40 



49,838 70 



98 



MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for interest on settlements 
for incidental expenses . 

Gross Cash Expenditures . 



'.090 00 
4,071 

14,144 38 

3,371 26 

043 90 

5,473 28 

1115,643 81 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Xet amount in force 



>S124,096 00 
6,659,595 00 

.^14,783,691 00 
7,180,660 00 

$7,603,031 00 
189,000 00 



Premiums. 

7,072 41 

35,259 98 

$112,332 39 

46,161 32 

166,171 <»7 

2,109 76 



114,031 00 1,061 31 

272,778 00 7,760 40 

2,947,662 00 40,215 07 

17,220,440 00 7.975 47 

4,294,985 00 59,141 47 

12,925,455 00 838,834 00 

32,500 00 2.211 12 

12,892,955 00 $36,622 88 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) 
Fire losses incurred during the year .... 
Marine and inland losses incurred during the year . 
Company's stock owned by directors 



87,321,000 00 

5,482,000 00 

2.475,000 00 

30,000 00 

6,780 00 

37,284 00 

10,900 00 



1878.] AND FIRE-MARINE INSURANCE COS. 



99 



BEVERLY INSURANCE COMPANY, BEVERLY. 

[Incorporated 1852. Commenced business 1853.] 

Paid-up Capital, $50,000. 

Frederick W. Choate, President. Secretary, Samuel J. Foster. 



Detailed Statement of Stocks, 

126 shares Beverly National Bank 

75 

65 

40 

30 

20 

20 

17 

5 

5 

1 

Personal loan 



Naumkeag National Bank, Salem 
Merchants' National Bank, Salem 
Mercantile National Bank, Salem 
Revere National Bank, Boston 
Traders' National Bank, Bo-ton 
Hide and Leather Nat'l B'k, Boston, 
Grand National Bank, Marblehead, 
First National Bank, Salem . 
Eagle National Bank, Boston . 
share Great Falls and Conway Railroad . 



Bonds, Etc. 

Par value. 

$12,600 00 

7,500 00 

3,250 00 

4,000 00 

3,000 00 

2,000 00 

2,000 00 

1,700 00 

500 00 

500 00 

100 00 



Summary of Assets, Dec 
Loans on mortgage of real estate (first liens) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
Interest due and accrued .... 
Premiums in course of collection (gross) . 
Notes taken for marine and inland risks . 
Gross Assets ..... 

Liabilities. 

Amount of unpaid losses. 

Unearned premiums on outstanding risks 

Dividends to stockholders unpaid 

Due for borrowed money. 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital ..... 



Impairment of Capital 



31, 1878. 

$1,400 00 

231 65 

46,593 95 

803 42 

11 10 

51 00 

953 45 



$200 00 

681 50 

4 00 

508 37 



Income. 

Cash received for marine and inland premiums, 
Deduct re-insurance and return premiums 
Net cash received for marine and inl'd prems. 
Interest and dividends received from all sources 
Bank tax refunded ...... 



Market value. 

$15,372 00 

11,100 00 

4,420 00 

4,800 00 

3,150 00 

2,100 00 

2,100 00 

2,125 00 

600 00 

550 00 

5 00 

271 95 

$46,593 95 



$50,044 57 



1,393 87 



,650 70 
50,000 00 

$1,349 30 



$1,359 00 




139 50 






$1,219 50 




. 


2,258 00 




558 30 



Gross Cash Income , $4,035 8Q 



100 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Expenditures. 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for interest on sundry settlements 
for incidental expenses . 

Gross Cash Expenditures . 



Risks and Premiums. 

Marine risks outstanding Dec. 31, 1877 . 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year .... 





$996 00 




33 86 




460 00 




564 30 




7 15 




231 25 




$2,292 56 




Premiums. 


$5,500 00 


83 00 


8,150 00 


836 50 



$13,650 00 
7,550 00 



$1,499 50 
818 00 



$6,100 00 8681 50 



Miscellaneous. 

Premiums received from organization of company . . . $287,663 47 

Losses paid from organization of company .... 287,709 14 

Cash dividends declared from organization of company . 54,000 00 

Dividends declared during the year (2 per cent) . . . 1,000 00 



BOSTON MARINE INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 23, 1873. Commenced business Jan. 20, 1874.] 

Paid-up Capital, 8500,000. 

R. B. Fuller, President. Secretary, Thomas H. Lord. 

Office, No. 17 State Street. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

^100,000 00 $105,500 00 
75,000 00 86,625 00 



United States bonds 

Boston city bonds . 

Cambridge city bonds 

Bangor city bonds . 

Boston and Albany Railroad bonds 

Atchison, Topeka, and S. F. Railroad bonds 

Merchandise National Bank stock . 



27,000 00 
10,000 00 
20,000 00 
5,000 00 
15,000 00 



30,915 00 
10,800 00 
23.700 00 
5,350 00 
12,375 00 



Securities held as collateral for cash loans : — 

United States bonds ..... 

Clinton Mills stock 

Merchants' National Bank stock, St. Louis 



$252 ; 000 00« $275,265 00 

Market value. Loaned thereon. 

S5,100 00 $5,000 00 
4,000 00 2,000 00 
2,000 00 2 000 00 



1878.] AND FIRE-MARINE INSURANCE COS. 101 



New York and New England Railroad bonds . 
Cambridge city bonds . • 
Atchison, Topeka, and S. F. Railroad bonds . 
Personal loan 

Summary of Assets, Dec. 

Loans on mortgage of real estate (first liens) . 
Stocks, bonds, etc., as per schedule . 
Loans on collateral security, as per schedule . 
Cash deposited in bank and with London 

bankers • 

Interest due and accrued ..... 

Premiums in course of collection (gross) . 
Notes taken for marine and inland risks . 
Re-insurance due ...... 

Gross Assets ...... 

Liabilities. 

Losses adjusted, unpaid, and reported 
Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 



$105,000 00 $11,000 00 

2,290 00 1,500 00 

38,500 00 23,209 29 

1,817 50 



31, 1878. 

$108,200 00 

275,265 00 

46,526 79 

218,699 70 

7,530 11 

114,175 88 

319,163 13 

2,500 00 



$46,526 79 



$109,238 67 
338,321 06 



-$1,092,060 61 



Surplus over Capital . 

Income. 

Cash received for marine and inland premiums, $746,792 63 
Deduct re-insurance and return premiums . 136,810 57 

Net cash received for marine and inl'd prems. 

Interest and dividends received from all sources 



447,559 73 

$644,500 88 
500,000 00 

$144,500 88 



Gross Cash Income 



$609,982 06 
26,941 74 

$636,923 80 



Expenditures. 

Cash paid for marine and inland losses . 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes 

for incidental expenses . 

Gross Cash Expenditures . 

Risks and Premiums. 



$525,178 23 
4,327 28 



Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 



$7,318,203 00 
38,113,650 00 



$520,850 95 
50,000 00 
31,474 85 
31,954 83 
11,176 17 
30,383 93 

$675,840 73 



Premiums. 

$408,369 49 
718,148 52 



$45,431,853 00 $1,126,518 01 



102 MASS. JOINT STOCK FIRE, MARINE, [Dec. 31, 



Deduct risks expired and terminated . 839,093,717 00 $755,158 64 



In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$6,338,136 00 $371,350 37 
361,588 00 7,074 63 



$5,976,548 00 8364,284 74 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) 
Marine and inland losses incurred during the year . 
Company's stock owned by directors 



83,643,290 58 

1,860,743 86 

155,000 00 

50,000 00 

488,782 80 

99,100 00 



COMMONWEALTH INSURANCE COMPANY, BOSTON. 

[Incorporated May 6, 1875. Commenced business May 6, 1875.] 

Paid-up Capital, 8500,000. 

John Hitchcock, President. Secretary, Samuel Applf.ton. 

Office, No. SO Congress Street. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds .... 

Boston city bonds 

Cleveland city bonds .... 
Cape Cod Railroad bonds 
Vermont and Massachusetts Railroad bonds 
Fitchburg Railroad bonds 
47 shares Vermont and Massachusetts R.R. 



150 

66 

45 

45 

70 

11 

108 

100 

54 

80 

53 

42 

7 

30 

10 

4 

7 

27 



Merchandise National Bank . 
Mt. Vernon National Bank . 
Hamilton National Bank 
Tremont National Bank . 
State National Bank 
Freeman's National Bank 
Atlas National Bank 
Manufacturers' National Bank 
Traders' National Bank . 
National Revere Bank . 
Continental National Bank 
Howard National Bank . 
National Bank of North America 
Market National Bank . 
Atlantic National Bank . 
North National Bank 
Shawmut National Bank 
Columbian National Bank 



Par value. 

8115,000 00 

5,000 00 

5,000 00 

30,000 00 

14,100 00 

25,000 00 

4,700 00 

15,000 00 

6,600 00 

4,500 00 

4,500 00 

7,000 00 

1,100 00 

10,800 00 

10,000 00 

5,400 00 

8,000 00 

5,300 00 

4,200 00 

700 00 

3,000 00 

1,000 00 

400 00 

700 00 

2,700 00 



Market value. 

8119,675 00 

5,112 50 

5,050 00 

31,200 00 

15,721 50 

26,937 50 

5,240 50 

13,500 00 

5.577 00 

4.578 75 
4.488 75 
7,560 00 

990 00 
11,448 00 
8,625 00 
4,590 00 
7,840 00 
4,505 00 
4,200 00 

630 00 
2,700 00 
1,250 00 

437 00 

712 25 
3,658 50 



1878.] AND FIRE-MARINE INSURANCE COS. 103 



70 shares Third National Bank 

5 " Massachusetts National Rank 

41 " National Bank of the Republic 
38 " Eliot National Bank 

163 " National Webster Bank . 

11 " Everett National Bank . 

34 " New England National Bank . 

25 " Shoe and Leather National Bank 

4 " Globe National Bank 

20 " National City Bank 

42 ' ' Hide and Leather National Bank 



Securities held as collateral for cash loans ; 



United States bonds 
Chicago city bonds .... 
10 shares Howard National Bank . 
4 " Merchandise National Bank 
18 " Merchandise National Bank 
100 " National Tube Works . 
150 " National Tube Works . 
150 " Globe Nail Works . 
100 " Atlantic Cotton Company 

7 " Atlas National Bank 
28 " Middlesex Railroad 
3 " Appleton Company 
1 share Otis Manufacturing Company 
15 shares Great Falls Manufacturing Co. 



$7,000 00 
1,250 00 
4,100 00 
3,800 00 

16,300 00 
1,100 00 
3,400 00 
2,500 00 
400 00 
2,000 00 
4,200 00 



$5,967 50 
1,287 50 
5,104 50 
3,610 00 

15,322 00 
990 00 
4,386 00 
2,425 00 
345 00 
2,112 50 
4,221 00 



$335,750 00 $341,998 25 



Market value. 

$1,063 75 

2,160 00 

1,000 00 

360 00 

1,620 00 

17,500 00 

26,250 00 

17,250 00 

10,900 00 

742 00 

2,660 00 

2,070 00 

1,060 00 

1,170 00 



Loaned thereon 

$1,000 00 

2,000 00 

1,000 00 

200 00 

1,600 00 

10,000 00 

\ 30,000 00 



)■ 16,200 00 



55,805 75 $62,000 00 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens*), $210,150 00 

Interest due or accrued thereon . . . 2,976 57 

Stocks, bonds, etc., as per schedule . . 341,998 25 

Loans on collateral security, as per schedule . 62,000 00 

Cash in the office of the company . . . 1,820 89 

deposited in Merchandise National Bank, 10,453 57 

Interest due and accrued . . . . 2,626 73 

Premiums in course of collection (net) . . 22,765 50 
Prems. more than 3 months due . $1,233 81 

Gross Assets ...... — 



$654,791 51 



Losses adjusted, unpaid . 

claimed and reported 



Liabilities. 



$2,474 00 
7,164 06 



* Value of lands mortgaged $95,500 00 

Value of buildings thereon 265,500 00 

Amount of insurance held as collateral . . . 140,800 00 



104 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Losses disputed or resisted 
Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital . 



$500 00 
131,406 33 



- $141,544 39 

. $513,247 12 
. 500,000 00 



Surplus over Capital 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 



$13,247 12 



$245,667 84 
25,071 97 



$220,595 87 
28,857 72 



Gross Cash Income $249,453 59 



Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for rent ..... 

for incidental expenses . 

Gross Cash Expenditures . 

Risks and Premiums. 



$96,804 56 
2,640 16 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$18,202,126 00 
23,780,380 00 

$41,982,506 00 
19,173,124 00 

$22,809,382 00 
573,307 00 



$94,164 40 
25,000 00 
39,218 79 
19,417 00 
8,618 34 
4,000 00 
15,117 16 

$205,535 69 

Premiums. 

$201,403 17 
228,192 53 

$429,595 70 
182,809 97 

$246,785 73 
5,369 85 



$22,236,075 00 $241,415 88 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (5 per cent) 
Fire losses incurred during the year . 
Company's stock owned by directors . 



$688,625 15 
230,569 58 
55,000 00 
25,000 00 
99,424 45 
79,700 00 



1878.] AND FIRE-MARINE INSURANCE COS. 105 



DWELLING-HOUSE INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 30, 1872. Commenced business Jan. 9, 1873.] 

Paid-up Capital, $300,000. 

Arthur W. Hobart, President. Secretary, Henry F. Perkins. 

Office, No. 29 State Street. 
Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $35,000 00 $34,781 25 

100 shares Republic National Bank 



16 " Suffolk National Bank . 

10 " State National Bank 
100 " Second National Bank, Boston 
100 " Merchants' National Bank 
100 " Eliot National Bank 

44 " Union 

Boston and Lowell Railroad bonds . 
Boston and Providence Railroad bonds . 
Boston and Albany Railroad bonds . 
Old Colony Railroad bonds 
Boston and Maine Railroad bonds . 
Boston and Fitchburg Railroad bonds 
Vermont and Massachusetts Railroad bonds 
Eastern Railroad bonds .... 
Revere town bonds ..... 



Summary of Assets, Dec 

Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 

deposited in Second National Bank 

Interest due and accrued .... 

Premiums in course of collection (net) . 

Gross Assets 

Liabilities. 
Losses adjusted, unpaid .... 

Unearned premiums on outstanding risks 

Reclaimable on perpetual fire policies 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital ..... 



10,000 00 

1,600 00 

1,000 00 

10,000 00 

10,000 00 

10,000 00 

4,400 00 

10,000 00 

10,000 00 

10,000 00 

20,000 00 

10,000 00 

8,000 00 

10,000 00 

5,000 00 

12,000 00 



12,500 00 

1,700 00 

1,080 00 

13,000 00 

12,300 00 

.9,500 00 

5,522 00 

10,500 00 

11,800 00 

11,850 00 

22,187 50 

11,700 00 

9,440 00 

11,350 00 

3,600 00 

13,920 00 



Surplus over Capital 



$177,000 00 


$196,730 75 


31, 1878. 




$157,000 00 




5,397 44 




196,730 75 




2,650 35 




9,190 34 




2,840 82 




884 92 







$374,694 62 


$640 00 




63,290 98 




171 00 






64,101 98 




... 


$310,592 64 




300,000 00 



$10,592 64 



* Value of lands mortgaged 
Value of buildings tbereon 
Amount of insurance held as collateral 

14 



$138,600 00 
144,000 00 
130,000 00 



106 MASS. JOINT-STOCK, FIRE, MARINE, [Dec. 31, 



Income. 

Cash received for fire premiums . . . $44,843 85 

Deduct re-insurance and return premiums . 1,792 40 

Net cash received for fire premiums . . 

Interest received on mortgages . . .... 

Interest and dividends received from all other sources . 

Income from commissions . . . .... 



143,051 45 

7,805 00 

12,146 89 

764 99 



Gross Cash Income 863,768 33 



Expenditures. 

Cash paid for fire losses 

Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 



$8,291 78 
24,000 00 
3,513 30 
9,100 00 
4,776 94 
3,596 71 



853,278 73 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Risks and Premiums. 

Premiums. 

. $12,357,750 00 $128,492 30 
6,561,920 00 45,569 60 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



818,919,670 00 8174,061 90 
6,046,727 00 63,124 22 



$12,872,943 00 8110,937 68 
40,550 00 343 13 



812,832,393 00 8110,594 55 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (8 per cent) . 
Fire losses incurred during the year . . . . 
Company's stock owned by directors . 



8212,524 89 
33,857 99 
99,000 00 
24,000 00 
8,931 78 
54,000 00 



1878.] AND FIRE-MARINE INSURANCE COS. 107 



ELIOT INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 31, 1872. Commenced business Jan. 4, 1873.] 

Paid-up Capital, $200,000. 

George A. Curtis, President. Secretary, Greenleaf C. George. 

Office, No. 68 State Street. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 

Massachusetts state bonds, 5s 

Salem city bonds, 5s 

Cambridge city bonds, 5s 

Boston city bonds . 

Lynn city bonds, 5s 

Northampton town bonds 

Worcester and Nashua Railroad bonds 

Boston Gas-Light Company bonds . 

150 shares Fitchburg Railroad 

50 " Old Colony Railroad 

25 ** Norwich and Worcester Railroad 

50 " Vermont and Massachusetts R.R. 
100 " Shawmut National Bank 

37 " National Revere Bank . 



Par value. 

$100,000 00 

15,000 00 

4,000 00 

11,000 00 

25,000 00 

4,000 00 

20,000 00 

15,000 00 

10,000 00 

15,000 00 

5,000 00 

2,500 00 

5,000 00 

10,000 00 

3,700 00 



Market value. 

$104,856 25 

16,050 00 

4,120 00 

11,440 00 

28,200 00 

4,060 00 

22,000 00 

16,050 00 

10,200 00 

16,875 00 

4,850 00 

3,050 00 

5,575 00 

10,175 00 

3,626 00 



Securities held as collateral for cash loans : — 



25 shares Equitable Trust Company 



$245,200 00 $261,127 25 

Market value. Loaned thereon. 

$2,500 00 $2,000 00 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens*), $93,200 00 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in National City Bank 
Interest due and accrued .... 
Premiums in course of collection (gross) . 
Gross Assets ..... 

Liabilities. 

Losses claimed and reported . 
Unearned premiums on outstanding risks 
Dividends to stockholders, unpaid . 
Due and accrued for rent 

* Value of lands mortgaged $77,700 00 

Value of buildings thereon 74,100 00 

Amount of insurance held as collateral . . . 88,000 00 



2,285 87 


261,127 25 


2,000 00 


3,880 46 


18,351 91 


3,374 09 


7,592 10 


•ttQOI 911 RR 




$1,596 00 


50,061 38 


50 00 


875 00 



108 MASS. JOINT-STOCK, FIRE, MARINE, [Dec. 31, 



State and local taxes 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 



Income 



Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest received on mortgages 

Interest and dividends received from all other sources 



1300 00 

1,210 00 



- 154,092 38 

57,719 30 

. 200,000 00 



8137,719 30 



,717 88 
9,686 05 



$71,031 83 

6,307 87 

13,689 07 



Gross Cash Income §91,028 77 

Expenditures. 

Cash paid for fire losses §40,894 86 

Deduct salvage and re-insurance . . . 761 91 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes 

for rent and incidentals . 

Gross Cash Expenditures . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 



written during 1878 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$8,542,485 00 
8,080,257 00 

616,622,742 00 
8,531,134 00 

$8,091,608 00 
168,223 00 



§40,132 95 

19,950 00 

11,206 94 

11,400 00 

3,087 74 

17 74 

191,525 37 

Premiums. 

8116,639 07 
80.024 94 

§196,664 01 
96,753 81 

§99,910 20 
1.774 83 



§7,923,385 00 §98,135 37 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent.) . 
Fire losses incurred during the year . . . . 

Company's stock owned by directors . . . . 



6594,230 6o 
198,787 65 
90,000 00 
20,000 00 
35,542 95 
25,000 00 



1878.] AND FIRE-MARINE INSURANCE COS. 109 

EQUITABLE MARINE INSURANCE COMPANY,* PROVINCE- 
TOWN. 

[Incorporated Feb. 10, 1845. Commenced business Feb. 20, 1845.] 

Paid-up Cash Capital, $17,000. 

Edward Smith, President. Secretary, Enos N. Young. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

120 shares Freeman's National Bank, Boston . $12,000 00 $10,800 00 
60 shares First National Bank, Provincetown, 6,000 00 9,480 00 



Summary of Assets, Dec 

Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 

deposited in First Nat'lB'k, Provincet'n 
Premiums in course of collection (gross) . 
Notes taken for marine and inland risks . 
Gross Assets ..... 

Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Dividends to stockholders, unpaid . 
Due and accrued for rent, salaries, etc. . 
Due for borrowed money 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital ..... 



Surplus over Capital 

Income. 

Cash received for marine premiums 
Deduct re-insurance and return premiums 
Net cash received for marine premiums . 
Interest and dividends received from all sources 



$18,000 00 $20,280 00 

31, 1878. 

$20,280 00 

820 80 

265 92 

7,527 69 

8,881 42 

$37,775 83 



$455 00 

5,175 00 

1,400 00 

8,881 42 

170 00 

685 00 

2,250 00 



$16,562 99 
1,388 02 



Gross Cash Income 

Expenditures. 
Cash paid for marine losses . 

Deduct salvage and re-insurance 

Net cash paid for marine losses 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 



$15,480 02 
1,076 55 



19,016 42 

18,759 41 
17,000 00 

$1,759 41 



$15,174 97 
1,467 58 

$16,642 55 



$14,403 47 

796 45 

1,429 78 

287 96 



Gross Cash Expenditures $16,917 66 



* Closing up. See text. 



110 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force . 



$114,975 00 
268,606 00 

$383,581 00 
271,493 00 

8112,088 00 
5,700 00 



Miscellaneous. 
Marine losses incurred during the year . 



Premiums. 

$9,227 25 
14,748 73 

£3,975 98 

15,094 56 



$8,881 42 
350 50 



$106,388 00 $8,530 92 



$6,030 09 



FANEUIL HALL INSURANCE COMPANY, BOSTON. 

[Incorporated February, 1871. Commenced business March, 1872.] 

Paid-up Capital, $300,000. 

K. S. Chaffee, President. Secretary, H. D. Bradbury. 

Office, No. 60 Devonshire Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

116 shares Commerce National Bank, Boston . $11,600 00 $8,932 00 

100 " Globe National Bank, Boston . . 10,000 00 8,625 00 

100 " Howard National Bank, Boston . 10,000 00 10,000 00 

95 » Hamilton National Bank, Boston . 9,500 00 9,690 00 

95 " Rockland National Bank, Boston . 9,500 00 11,400 00 

146 " Merchants' National Bank, Boston, 14,600 00 17,885 00 

9 " Hide and Leather Nat 'lB'k, Boston, 900 00 904 50 

60 " Redemption Nat'l Bank, Boston . 6,000 00 7,170 00 

60 " First National Bank, Newburyport, 6,000 00 6 750 00 

60 " First National Bank, Boston . 6,000 00 10,200 00 

58 " Traders' National Bank, Boston . 5,800 00 4,930 00 

50 " Second National Bank, Boston . 5,000 00 6,500 00 

50 " Atlantic National Bank, Boston . 5,000 00 6,250 00 

25 " Wachusett Nat'l Bank, Fitchburg . 2,500 00 3,000 00 

27 " Faneuil Hall Nat'l Bank, Boston . 2,700 00 3,294 00 

25 *• Eliot National Bank, Boston . . 2,500 00 2,375 00 

30 " Exchange National Bank, Boston, . 3,000 00 3,810 00 

23 " People's National Bank, Boston . 2,300 00 3,220 00 

15 " Market National Bank, Boston . 1,500 00 1,350 00 

14 " Central National Bank, Lynn . 1,400 00 1,708 00 

10 " Massachusetts Nat'l Bank, Boston, 2.500 00 2,575 00 

10 " Northboro' Nat'l Bank, Northboro^ 1.000 00 1.150 00 

8 » Trernont National Bank, Boston . 800 00 800 00 

6 " North National Bank, Boston . 600 00 655 50 

3 " Blinker Hill National Bank, Boston, 300 00 453 75 



1878.] AND FIRE-MARINE INSURANCE COS. Ill 



20 shares Freeman's National Bank, Boston 
31 " New England Nat'l Bank, Boston 
10 " Commonwealth Nat'l Bank, Boston 

5 " Boston and Albany Railroad 
Middlesex Railroad bonds 
Somerville town bonds 
United States bonds 
Toledo (O.) city bonds 
Minneapolis city bonds 
St. Paul city bonds, 7s 

Securities held as collateral for cash loans; 

27 shares Brewers and Maltsters' Ins. Co. 
100 " Union Horse Railroad . 



$2,000 00 

3,100 00 

1,000 00 

500 00 

8,500 00 

25,000 00 

54,000 00 
5,329 51 

16,000 00 
6,000 00 



$1,800 00 

3,999 00 
900 00 
650 00 

9,435 00 
27,500 00 
57,257 50 

5,629 51 
17,560 00 

6,180 00 



$242,429 51 $264,538 76 

Market value. Loaned thereon. 

$1,080 00 $1,000 00 

12,500 00 10,000 00 





$13,580 00 


$11,000 00 


Summary of Assets, Dec. 


31, 1878. 




Cash value of unencumbered real estate . 


$71,160 00 




Loans on mortgage of real estate (first liens*) 


98,500 00 




Interest due or accrued thereon 


3,386 14 




Stocks, bonds, etc., as per schedule 


264,538 76 




Loans on collateral security, as per schedule . 


11,000 00 




Cash in the office of the company . 


6,207 66 




deposited in various banks 


21,595 42 




Interest due and accrued . 


2,289 65 




Premiums in course of collection (gross) . 


38,076 79 




Notes taken for marine and inland risks . 


2,988 22 




Rents due and accrued . 


200 00 




rjvnsa A <?«>pf,<5 




$519,942 64 


U 1 UOi5 iluoCvu ...... 




Deduct special deposits in other States . 


• • 


17,000 00 




$502,942 64 


Liabilities. 






Losses adjusted, unpaid . 


$9,780 76 




claimed and reported . 


9,132 50 




disputed or resisted 


6,133 33 




Unearned premiums on outstanding risks 


158,785 75 




Dividends to stockholders, unpaid . 


745 00 




Due and accrued for rent, salaries, etc. . 


1,500 00 




Commissions and brokerage . 


2,773 45 




Gross Liabilities, except Capital 


$188,850 79 




Deduct liabilities on special deposits 


5,500 00 


183,350 79 






Surplus as regards Policy-holders 


$319,591 85 


Paid-up Capital ...... 


• • • 


300,000 00 


Surplus over Capital . 


$19,591 85 




. $-105,500 00 




90.00C 


1 00 


Amount of insurance held a& collateral 


69,700 00 



112 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Income. 
Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Interest and dividends received from all sources 
Income from rents ...... 

from profit and loss account 



$295,026 98 
44,441 48 



$250,585 50 

20,377 03 

1,461 50 

356 03 



Gross Cash Income $272,780 06 



Expenditures. 
Cash paid for fire losses .... 
for commissions and brokerage 
for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$17,385,436 00 
22,623,086 00 

$40,008,522 00 
17,292,742 00 

$22,715,780 00 
274,969 00 



$136,441 86 

54,357 94 

8,897 63 

5,770 49 

34,627 42 

$240,095 34 

Premiums. 

$252,906 69 
295,026 98 

$547,933 67 
232,666 48 

$315,267 19 
4,569 66 



$22,440,811 00 $310,697 53 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 

Fire losses incurred during the year 

Company's stock owned by directors .... 



$1,319,360 48 

711,747 06 

50,250 00 

143,768 44 

122,725 00 



FIREMEN'S FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 21, 1872. Commenced business Dec. 30, 1872.] 

Paid-up Capital, $300,000. 

Thomas W. Tucker, President. Secretary, Henry C. Short. 

Office, No. 48 Congress Street. 



Detailed Statement of Stocks, Bonds, Etc. 



Boston city bonds . 
Charlestown city bonds 
Lowell city bonds . 
( he], sea city bonds . 



Par value. 

840,000 00 

63,000 00 

15,000 00 

4,000 ( 



Market value. 

643,400 00 

71,437 50 

16,650 00 

4.380 00 



1878.] AND FIRE-MARINE INSURANCE COS. 113 



Somerville city bonds 

Fall River city bonds 

Cambridge ctiy bonds 

Lawrence city bonds 

Eastern Railroad bonds 

Worcester and Nashua Railroad bonds 

Cape Cod Railroad bonds 

Boston Gas Light Company bonds . 

South Boston Gas Light Company notes 

United States bonds 

Corporation notes .... 



$20,000 00 
30,000 00 
12,000 00 
18,000 00 
22,500 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 

150,000 00 
38,000 00 



$21,400 00 
33,150 00 
12,920 00 
19,890 00 
15,975 00 
10,500 00 
10,550 00 
10,200 00 
10,000 00 

155,281 25 
37,685 34 



$452,500 00 $473,419 09 



Securities held as collateral for cash loans : — 



320 shares Indian Orchard Mills 

3 ' ' Amoskeag Manufacturing Company, 
25 " South Boston Gas Light Company 
United States bonds .... 
41 shares Old Colony Railroad 
3 " Laconia Company . 
70 " Phila., Wil., and Bait. Railroad 
40 " Boston and Maine Railroad . 
70 " Boston and Albany Railroad . 



Market value. Loaned thereon. 

$28,800 00 $25,000 00 
4,530 00 
2,600 00 
5,200 00 
3,977 00 
1,215 00 
4,480 00 
4,320 00 
9,030 00 



5,000 00 

5,000 00 
4,000 00 

8,000 00 
7,000 00 



$64,152 00 $54,000 00 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens*), $174,600 00 

2,733 84 

473,419 09 

54,000 00 

272 57 

379 58 

6,921 40 

9,101 10 



Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in National City Bank 
Interest due and accrued .... 
Premiums in course of collection (gross) . 
Gross Assets 



$721,427 58 



Liabilities. 

Losses adjusted, unpaid ..... $620 49 

claimed and reported .... 1,968 75 

disputed or resisted .... 2,600 00 

Unearned premiums on outstanding risks . 99,065 41 

Dividends to stockholders, unpaid ... 40 00 



* Value of lands mortgaged 
Value of buildings thereon 
Amount of insurance held as collateral 



$140,500 00 
144,500 00 
154,600 00 



15 



114 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Due and accrued for rent, stationery, etc 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 



Income 

Cash received for fire premiums . . . $116,311 09 
Deduct re-insurance and return premiums . 8,056 21 

Net cash received for fire premiums 
Interest received on mortgages 
Interest and dividends received from all other sources 



$1,189 30 
701 04 



- §106,184 99 

. 8015,212 59 
. 300,000 00 



$315,242 59 



$108,254 88 
11,143 33 
26,356 91 



Gross Cash Income $145,755 12 



Expenditures. 

Cash paid for fire losses $48,546 07 

Deduct salvage and re-insurance . . . 735 18 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

salaries of officers and employes 

State and local taxes . 

rent and incidental expenses 

Gross Cash Expenditures . 

Risks and Premiums. 



817,810 89 

30,065 00 

10,540 25 

11,775 00 

5,599 70 

7,202 40 

8112,993 24 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$19,042,827 00 $264,337 09 
12,408,343 00 114,707 41 



$31,451,170 00 $379,044 50 
15,323,896 00 178,278 25 



$16,127,274 00 $200,766 25 
86,317 00 1,068 01 



$16,040,957 00 $199,698 24 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company . 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) 
Fire loss incurred during the year .... 
Company's stock owned by directors .... 



$933,188 80 

352,989 94 

135,000 00 

30,000 00 

44,286 47 

20,800 00 



1878.] AND FIRE-MARINE INSURANCE COS. 115 



FIRST NATIONAL FIRE INSURANCE COMPANY, WORCESTER. 

[Incorporated April, 1868. Commenced business Jan. 1, 1869.] 

Paid-up Capital, $200,000. 

Charles B. Pratt, President. Secretary, R. James Tatman. 

Office, No. 410 Main Street. 
Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Worcester city bonds $3,500 00 $3,937 50 

Springfield city bonds 6,000 00 7,140 00 

New London city bonds 10,000 00 11,700 00 

Nashua and Rochester Railroad bonds . . 11,000 00 9,570 00 

Boston and Albany Railroad stock . . . 2,000 00 2,600 00 

Worcester and Nashua Railroad bonds . . 500 00 470 00 

Boston, Barre, and Gardner Railroad bonds . 20,500 00 21,525 00 

Fitchburg and Worcester Railroad bonds . 5,000 00 5,100 00 

Providence and Worcester Railroad stock . 5,000 00 5,050 00 

First National Bank (Worcester) stock . . 10,200 00 13,770 00 



Securities held as collateral for cash loans : — 

240 shares First National Bank 

25 shares Taylor and Farley Organ Company, 
Nashua and Rochester Railroad bond 
5 shares First National Bank, Clinton . 



873,700 00 $80,862 50 



Market value. 

832,400 00 

2,500 00 

870 00 

500 00 



836,270 00 

Summary of Assets, Dec. 31, 1878. 
Loans on mortgage of real estate (first liens*), $150,025 00 



Loaned thereon. 

830,000 00 

1,875 00 

600 00 

400 00 

832,875 00 



Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in First National Bank . 
Interest due and accrued 
Premiums in course of collection (gross) 
Gross Assets ..... 

Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 

Unearned premiums on outstanding risks 

Commissions and brokerage 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital ..... 



Surplus over Capital 



Total value of property mortgaged 
Amount of insurance held as collateral 



3,081 02 
80,862 50 
32,875 00 

7,294 08 
15,095 54 

1,150 30 
16,141 86 



85,663 62 
12,880 67 

2,750 00 
68,046 09 

2,421 77 



8306,525 30 



- 91,762 15 

. 8214,763 15 
. 200,000 00 



$14,763 15 



$349,968 00 
100,880 00 



116 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 

Income. 
Cash received for fire premiums . . . $140,216 04 
Deduct re-insurance and return premiums . 14,825 72 

Net cash received for fire premiums . . $125,390 32 

Interest received on mortgages 10,982 82 

Interest and dividends received from all other sources . . 6,196 08 

Gross Cash Income 8142,569 22 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

salaries of officers and employes 
State and local taxes . 
incidental expenses . 

Gross Cash Expenditures . 



. $90,798 29 




4 25 






§90,794 04 






18,000 00 




21,140 05 




m 99 




4,030 38 




7,405 40 




8147,169 86 



Risks and Premium-. 



Fire risks outstanding Dec. 31, 1877 



written during 1878 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 



Net amount in force 



Premiums. 

$8,672,697 00 $130,403 75 
10,304,467 00 140,216 04 



$18,977,164 00 $270,619 79 
9,535,737 00 131,360 42 



9,441,427 00 $139,259 37 
49,262 00 685 89 



1,392,165 00 $138,573 48 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company . 
Cash dividends declared from organization of company 
Dividends declared during the year (9 per cent.) 
Fire losses incurred during the year .... 
Company's stock owned by directors .... 



$1,229,309 03 

757,614 98 

74,000 00 

18,000 00 

102,577 07 

60,200 00 



1878.] AND FIRE-MARINE INSURANCE COS. 117 



FRANKLIN INSURANCE COMPANY OF BOSTON, BOSTON. 

[Incorporated Jan. 4, 1873. Commenced business Feb. 15, 1873.] 

Paid-up Capital, $200,000. 

William M. Byrnes, President. Secretary, Edmund B. Whitney. 

Office, No. 46 State Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. 

United States bonds, 6s, gold, 1881 . . . $15,000 00 
Boston city bonds, gold . 



Worcester city bonds, 6s . 

Medford town notes 

Boston and Lowell Railroad notes 

Eastern Railroad bonds, gold . 

100 shares Jamaica Plain Gas Light Company, 

South Boston Gas Light Company, notes 

75 shares Merchandise National Bank, Boston, 



25,000 00 

5,000 00 

25,000 00 

20,000 00 

7,000 00 

10,000 00 

10,000 00 

7,500 00 



Market value. 

$16,406 25 
28,250 00 

5,600 00 
25,950 00 
20,000 00 

4,970 00 
10,800 00 
10,000 00 

6,750 00 



Securities held as collateral for cash loans: — 

200 shares Boston Wharf Company 
11 " Boylston National Bank . 
9 " Russell Mills .... 
130 " Alliance Insurance Company . 



$124,500 00 $128,726 25 



Market value. Loaned thereon. 

$6,000 00 $4,000 00 

1,111 00 

900 00 

13,000 00 12,350 00 



2,002 00 



Summary of Assets, Dec 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in National Union Bank . 

Interest due and accrued 

Premiums in course of collection (gross) . 

Rents due and accrued .... 

Gross Assets ..... 

Liabilities. 

Losses claimed and reported . 

Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital ..... 



Surplus over Capital 



$21,011 00 

31, 1878. 

$52,000 00 

30,300 00 

421 00 

128,726 25 

18,352 00 

1,089 03 

15,158 96 

1,865 38 

9,452 03 

219 93 



$3,349 15 

43,146 17 

1,070 95 



$18,352 00 



$257,584 58 



47,566 27 

$210,018 31 
200,000 00 



,018 31 



* Value of lands mortgaged 
Value of buildings thereon . 
Amount of insurance held as collateral 



$18,200 00 
27,700 00 
22,000 00 



118 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Income. 
Cash received for fire premiums . . . $70,333 90 
Deduct re-insurance and return premiums . 6,745 98 

Net cash received for fire premiums . . 

Interest received on mortgages . . .... 

Interest and dividends received from all other sources . 



803,587 92 
5,004 G9 
6,390 13 



Gross Cash Income §74,982 74 

Expenditures. 

Cash paid for fire losses $46,894 70 

Deduct salvage and re-insurance ... 88 14 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

salaries of officers and employes 

State and local taxes . 

rents and incidentals . 

Gross Cash Expenditures . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

. Total 

Deduct risks expired and terminated 

In force at end of year . 



68,783,507 00 
6,844,098 00 

$15,627,605 00 
8,280,644 00 



$46,806 56 

6,000 00 

10,301 03 

10,871 00 

2,110 11 

4,485 08 

',573 78 

Premiums. 

$108,132 83 

70,354 87 

-,487 70 
90,772 59 



§7,346,961 00 §87,715 11 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company . 
Cash dividends declared from organization of company 
Dividends declared during the year (3 per cent.) 
Fire losses incurred during the year .... 
Company's stock owned by directors .... 



§604,559 85 

291,461 95 

66,000 00 

6,000 00 

41,305 55 

27,300 00 



GLOUCESTER FIRE INSURANCE COMPANY, GLOUCESTER. 

[Incorporated May 15, 1869. Commenced business March 28, 1870.] 

Paid-up Capital, §100,000. 

Robert R. Fears, President Secretary, John Cunningham. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. 

615,000 00 

4.400 00 

10,000 00 

2,000 00 



United States bonds .... 
44 shares Gloucester National Bank 

100 " Cape Ann National Bank 
20 " North National Bank, Boston 
50 ' " Exchange National Bank, Boston 



Market value. 

$16,062 50 
5.940 00 
15.500 00 
2. ISO 00 
5,000 00 6,350 00 



1878.] AND FIRE-MARINE INSURANCE COS. 119 



75 shares Revere National Bank, Boston 
20 " First .National Bank, Boston . 
10 " Commonwealth Nat'l Bank, Boston 
10 " Mutual Redemption Bauk, Boston 
36 " Eliot National Bank, Boston . 
30 " Second National Bank, Boston 

7 " Boston National Bank, Boston 
20 " Washington National Bank, Boston 

6 " Howard National Bank, Boston 
50 " Eastern Railroad 
10 " Great Falls and Conway Railroad 
20 " Fitchburg Railroad . 
35 " Old Colony Railroad 
20 " Boston and Albany Railroad . 
50 u Gloucester Gas Light Company 
Eastern Railroad bonds .... 
Chicago, Burlington, and Quincy R.R. bonds 
Boston city bonds ..... 
Cambridge city bonds .... 



Summary of Assets, Dec. 31, 1878. 
Loans on mortgage of real estate (first liens*), $48,500 00 



$7,500 00 


$7,350 00 


2,000 00 


3,380 00 


1,000 00 


900 00 


1,000 00 


1,190 00 


3,600 00 


3,420 00 


3,000 00 


3,900 00 


700 00 


637 00 


2,000 00 


2,420 00 


600 00 


594 00 


5,000 00 . 


600 00 


1,000 00 


60 00 


2,300 00 


2,622 00 


3,500 00 


3,395 00 


2,000 00 


2,560 00 


2,500 00 


3,100 00 


6,500 00 


4,615 00 


2,000 00 


2,280 00 


4,000 00 


4,520 00 


5,000 00 


5,350 00 


$91,600 00 


$98,925 50 



Interest due or accrued thereon . . 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 

deposited in City National Bank 
Premiums in course of collection (net) 
Notes taken for marine and inland risks 
Gross Assets .... 

Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 
disputed or resisted 

Total amount of losses 

Less re-insurance .... 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 
Due and accrued for rent, salaries, etc. 
Due for borrowed money 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 



1,940 63 

98,925 50 

63 06 

3,087 30 

6,839 87 

11,229 00 



$4,912 10 

11,900 50 

2,500 00 

$19,312 60 
2,500 00 

$16,812 60 

38,996 98 

21 00 

475 71 

5,000 00 



$170,585 36 



61,306 29 

$109,279 07 
100,000 00 

$9,279 07 



* Value of lands mortgaged 
Value of buildings thereon . 
Amount of insurance held as collateral 



$44,200 00 
66,200 00 
49,100 00 



120 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 

Income. 
Cash received for fire premiums . . . $43,489 24 
Deduct re-insurance and return premiums . 4,770 10 

Net cash received for fire premiums . . $38,719 14 

Cash received for marine and inland premiums, $17,952 72 
Deduct re-insurance and return premiums . 1,089 15 

Net cash received for marine and inl'd prems. 16,863 57 

Unpaid premium notes received 

during the year . . . . $8,545 50 

Interest received on mortgages 3,868 23 

Interest and dividends received from all other sources . . 3,556 93 
Return tax 721 91 

Gross Cash Income $63,729 78 

Expenditures. 
Cash paid for fire losses .... 



Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses . 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Interest paid ...... 

Cash paid for commissions and brokerage 

for salaries and incidentals 

for State and local taxes . 

Gross Cash Expenditures . 

Risks and Premiums. 



851,073 12 

386 38 

$19,151 31 

295 81 



$50,686 74 



18,855 50 
3,257 00 
402 46 
7,327 05 
5,088 80 
1,731 65 

$S7,349 20 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force . 



Premiums. 

84,331,065 35 871.154 58 
2,834,044 14 41,521 02 



$7,165,109 49 
3,566,724 56 


8112,675 60 
57,610 48 


$3,598,384 93 
7,500 00 


5,065 12 

69 79 


$3,590,884 93 

8257.184 60 
723,598 00 


854,995 33 

813,609 11 
21.170 53 


$980,7S2 60 
793.344 60 


804,779 64 
23,011 33 


$187,438 00 
2,000 00 


811,768 31 
72 00 



$185,438 00 $11,696 31 



1878.] AND FIRE-MARINE INSURANCE COS. 121 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company- 
Cash dividends declared from organization of company 
Dividends declared during the year (3 per cent) . 
Fire losses incurred during the year .... 
Marine and inland losses incurred during the year 
Company's stock owned by directors .... 



$468,597 39 
345,216 15 
33,000 00 
3,000 00 
47,331 91 
21,458 71 
33,400 00 



MANUFACTURERS' FIRE AND MARINE INSURANCE COM- 
PANY, BOSTON. 

[Incorporated Jan. 9, 1873. Commenced business Jan. 9, 1873.] 

Paid-up Capital, $500,000. 

Samuel Gould, President. Secretary, James J. Goodrich. 

Office, No. 59 State Street. 
Detailed Statement of Stocks, Bonds, Etc. 

Par value. 

300 shares Atlas National Bank 

40 

75 
255 
150 
250 
200 
150 
215 



Atlantic National Bank . 
State National Bank 
National City Bank 
Shawmut National Bank 
Second National Bank . 
Shoe and Leather National Bank 
Hamilton National Bank 
National Eagle Bank 

Cheshire Railroad bonds 

Boston and Lowell Railroad bonds 

Middlesex Railroad bonds 

Somerville Railroad stock 

Boston City Loan . 



$30,000 00 

4,000 00 

7,500 00 

25,500 00 

15,000 00 

25,000 00 

20,000 00 

15,000 00 

21,500 00 

52,000 00 

100,000 00 

25,000 00 

2,000 00 

1,000 00 



Market value. 

131,800 00 

5,000 00 

8,100 00 

26,934 00 

15,212 00 

32,500 00 

19,400 00 

15,262 00 

21,500 00 

52,000 00 

113,625 00 

27,875 00 

2,000 00 

1,025 00 



$343,500 00 $372,233 00 



Securities held as collateral for cash loans: — 
100 shares Panama Railroad Company . 



170 

190 

42 

50 

250 

25 

8 

5 

2 

50 

27 



Middlesex Railroad Company 
Franklin Company 
Boston Gas Light Company . 
Boston Machine Company 
Forbes Lithographic Company 
Androscoggin Mills 
Lowell Machine Shop 
Lowell Manufacturing Company 
Pepperell Manufacturing Company 
Franklin Company 
Androscoggin Mills 
16 



} 



Market value. Loaned thereon. 

$12,375 00 $10,000 00 
14,750 00 

8,550 00 
27,300 00 
25,000 00 
25,000 00 

1,800 00 



15,000 00 

7,500 00 
25,000 00 



5,800 00 
2,500 00 
1,450 00 
2,250 00 
1,944 00 



10,000 00 



5,500 00 



122 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



8 shares Union Market National Bank 
8 " Franklin Company . 
10 ' ' Franklin Company . 
30 " Hoffman Insurance Company . 
240 " Chicago, Burlington, and Q. R.R. 
Rutland Railroad 1st mortgage bonds 
53 shares Middlesex Railroad 
10 " Union Market National Bank 
13 " Pepperell Manufacturing Company 
Middlesex Railroad bonds 
165 shares Pennsylvania Salt Company . 
5 " Boston and Lowell Railroad . 
21 " Boston and Lowell Railroad . 
5 " York Manufacturing Company 
401 " Cheshire Railroad . 
265 " Pennsylvania Salt Company . 

15 " American Linen Company 
New York and New England Railroad bonds 
288 shares Metropolitan Insurance Company 



Summary of Assets, Dec 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule . 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
deposited in bank and with 
bankers ..... 
Interest due and accrued 
Premiums in course of collection (gross) . 
Notes taken for marine and inland risks . 
Rents due and accrued .... 
Gross Assets 

Liabilities. 

Losses adjusted, unpaid .... 
Unearned premiums on outstanding risks 
Dividends to stockholders, unpaid . 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 

Surplus over Capital 



$800 00 

360 00 

450 00 

1,500 00 

26,580 00) 

6,700 00 ) 

5,035 00 

1,000 00 

9,425 00 1 

2,220 00 

11,550 00 

1,500 00 V 

6,300 00 

5,350 00 

10,025 00 

18,550 00 

18,000 00 

4,000 00 

2,880 00 



8000 00 

375 00 

525 00 

1,125 00 

25,000 00 

1,500 00 

900 00 



31,000 00 



10,000 00 

15,000 00 

4,000 00 

2,290 72 



English 



$260,944 00 $165,315 72 

31, 1878. 

$84,000 00 

78,400 00 

3,529 26 

372,233 00 

165,315 72 

2,745 90 

338,686 76 
10,888 52 
38,330 7S 
47,808 75 
1,250 00 
$1,143,188 69 



$49,250 00 

340,717 83 

150 00 

4,437 90 



394,555 73 

6748,632 96 
500,000 00 

$248,632 96 



* Total value of property mortgaged . 
Amount of insurance held as collateral 



$126,000 00 
50,000 00 



1878.] AND FIRE-MARINE INSURANCE COS. 123 



Income. 

Cash received for fire premiums . . . $272,221 80 
Deduct re-insurance and return premiums . 37,605 26 

Net cash received for fire premiums . . 

Cash received for marine and inland premiums, $120,601 12 
Deduct re-insurance and return premiums . 15,124 89 

Net cash rec'd for marine and inland prems. . 

Unpaid premium notes received 
during the year . . . $47,808 75 

Interest received on mortgages 

Interest and dividends received from all other sources . 
Income from rents 



$234,616 54 



105,476 23 



3,918 85 

41,032 88 

7,545 19 

Gross Cash Income $392,589 69 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses . 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 
for salaries and incidentals 
for State and local taxes . 

Gross Cash Expenditures 



Risks and Premiums. 



$123,549 48 
886 69 

$135,376 14 
18,139 69 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$35,413,635 00 
34,848,433 00 

$70,262,068 00 
29,937,105 00 

$40,324,963 00 
256,491 00 



$122,662 79 



117,236 45 
49,850 00 
30,744 95 
29,850 00 
10,347 62 

$360,691 81 



Tremiums. 

$345,435 53 
316,751 69 

$662,187 22 
296,932 16 

$365,255 06 
2,413 05 



$40,068,472 00 $362,842 01 

$5,428,320 00 $179,621 75 
9,938,322 00 100,889 92 



515,366,642 00 $280,511 67 
13,547,444 00 133,112 06 



$1,819,198 00 $147,399 61 
84,500 00 1,872 00 



,734,698 00 $145,527 61 



124 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) 
Fire losses incurred during the year .... 
Marine and inland losses incurred during the year . 
Company's stock owned by directors 



§3,028,602 32 

1,689,187 57 

225,000 00 

50,000 00 

130,149 48 

121,026 14 

36,100 00 



MERCANTILE MARINE INSURANCE COMPANY, BOSTON. 

[Incorporated Feb. 11, 1823. Commenced business May, 1823.] 

Paid-up Capital, 8400,000. 

George R. Rogers, President. Secretary, B. F. Field, Jr. 

Office, No. 58 State Street. 



Detailed Statement of Stocks, Bonds, Etc. 



100 shares Atlantic National Bank . 
200 " City National Bank 
200 " Columbian National Bank 
214 " Eagle National Bank 
300 " Globe National Bank 
120 " Hamilton National Bank 
160 " New England National Bank 
200 " North National Bank . 
37 " Railroad National Bank . 
178 " State National Bank 
535 " Suffolk National Bank . 
200 " Tremont National Bank . 
200 " Union National Bank . 
200 " Boston and Providence Railroad 
100 " Lyman Mills . 
New Bedford Railroad bonds . 
Boston and Albany Railroad bonds . 
Boston and Maine Railroad bonds . 
Boston and Lowell Railroad bonds . 
Fitchburg Railroad bonds 
Charlestown water loan bonds 
Boston city bonds, 6s 
United States bonds, 5s, registered, 1881 



Securities held as collateral for cash loans : — 

32 shares Boston and Albany Railroad . 
10 " State National Bank 

3 " Pepperell Manufacturing Company 

2 " Laconia Company . 
United States bonds .... 



Par value. 

$10,000 00 
20,000 00 
20,000 00 
21,400 00 
30,000 00 
12,000 00 
16,000 00 
20,000 00 
3,700 00 
17,800 00 
53,500 00 
20,000 00 
20,000 00 
20,000 00 
10,000 00 
30,000 00 
30,000 00 
10,000 00 
25,000 00 
25,000 00 
10,000 00 
65,000 00 
25,000 00 



Market value. 

812,500 00 
21,000 00 
27,000 00 
21,400 00 
25,500 00 
12,120 00 
20,480 00 
21,800 00 

4,016 00 
19,224 00 
56,710 00 
19,800 00 
25,000 00 
20,200 00 

7,000 00 
31,500 00 
35,400 00 
11,600 00 
26,900 00 
28,000 00 
11,300 00 
74,750 00 
26,375 00 



$514,400 00 $559,575 00 

Market value. Loaned thereon. 

64,128 00 §3,500 00 
1,080 00 -\ 
2,175 00 I 3,100 00 

810 00 ) 
2,140 00 2,000 00 



810,333 00 88,600 00 



1878.] AND FIRE-MARINE INSURANCE COS. 125 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens*), $44,500 00 

Interest due or accrued thereon . . . 744 50 

Stocks, bonds, etc., as per schedule . . 559,575 00 

Loans on collateral security, as per schedule . 8,600 00 

Cash in the office of the company . . . 1,575 97 

deposited in various banks . . . 19,894 73 

Interest due and accrued 5,976 39 

Premiums in course of collection (gross) . . 2,747 28 

Notes taken for marine and inland risks . . 56,397 66 

Gross Assets $700,011 53 



Liabilities 

Losses adjusted, unpaid . 

claimed and reported . 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid . 
Due and accrued for rent, salaries, etc. 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 



$7,500 00 

8,300 00 

. 92,091 73 

745 00 

1,522 00 

172 98 



INCOME. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Cash received for marine and inland premiums, 

Deduct re-insurance and return premiums 

Net cash rec'd for marine and inland prems. . 

Unpaid premium notes received 

during the year . . . $56,397 66 
Interest received on mortgages .... 
Interest and dividends received from all other sources 



$51,173 64 
4,447 52 



110,331 71 

1589,679 82 
400,000 00 

$189,679 82 



2,359 47 
12,994 89 



$46,726 12 



69,364 58 



2,100 00 
28,545 40 

Gross Cash Income $146,736 10 

Expenditures. 

Cash paid for fire losses $11,573 16 

for marine and inland losses . . $77,229 47 
Deduct salvage and re-insurance . . . 12,288 95 

Net cash paid for marine and inland losses . 64,940 52 

Cash dividends paid ■ . . . .... 39,880 00 



* Value of lands mortgaged $26,300 00 

Value of buildings thereon 35,400 00 

Amount of insurance held as collateral . . . 44,000 00 



126 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Cash paid for commissions and brokerage 

for salaries of officers and employes . 
for State and local taxes . 
for rent and incidentals . 

Gross Cash Expenditures .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$8,746,393 00 
10,524,760 00 

$19,271,153 00 
9,406,548 00 

$9,864,605 00 
127,400 00 



.590 13 

12,200 00 

3,917 18 

9,525 23 

$147,632 22 



Premiums. 

876,087 34 
51,652 39 

$127,739 73 
55,850 91 

$71,888 82 
716 27 



$9,737,205 00 1,172 55 



$5,654,892 00 
4,576,599 00 

$10,231,491 00 
6,353,234 00 

$3,878,257 00 
142,500 00 



$75,687 67 
55,481 33 

1131,169 00 

77,165 53 

$54,003 47 
6,332 00 



$3,735,757 00 7,671 47 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) 
Fire losses incurred during the year .... 
Marine and inland losses incurred during the year . 
Company's stock owned by directors 



$4,779,172 05 
3,756,975 86 
1,654,500 00 
40,000 00 
11,659 32 
59,741 23 
35,100 00 



MECHANICS' MUTUAL INSURANCE COMPANY, BOSTON. 

(Stock Department.) 

[Incorporated May 4, 1875. Commenced business May 5, 1875.*] 
Paid-up Capital, $200,000. 

Alfred Bicknell, President. Secretary, John H. Robinson. 

Office, No. 45 Milk Street. 
Detailed Statement of Stocks, Bonds, Etc. 

» Tar value. Market value. 



Metropolitan Railroad bonds . 
Andover and Lowell Railroad bonds 



$10,000 00 
10,000 00 



$10,800 00 
10,200 00 



* Stock department commenced business June 1, 1878. 



1878.] AND FIRE-MARINE INSURANCE COS. 127 



Eastern Railroad bonds .... 
Burlington and Missouri River R.R. bonds 
Boston and Albany Railroad stock . 
Boston and Maine Railroad stock . 
Chicago, Burlington, and Quincy R.R. stock 
United States bonds .... 
District of Columbia bonds . 
Central National Bank, Boston, stock 
Hide and Leather National Bank stock . . 
Everett National Bank stock . 
North America National Bank stock 
Webster National Bank stock . 
Eagle National Bank stock 
Blackstone National Bank stock 
State National Bank stock 
Howard National Bank stock . 
Manufacturers' National Bank stock 



$10,500 00 
7,200 00 
10,000 00 
10,000 00 
5,000 00 
4,000 00 
5,000 00 
2,500 00 
4,200 00 
4,300 00 
6,800 00 
6,000 00 
4,600 00 
1,900 00 
2,200 00 
3,600 00 
3,500 00 



$7,560 00 
7,488 00 
12,900 00 
10,900 00 
5,500 00 
4,160 00 
4,000 00 
2,150 00 
4,242 00 
3,956 00 
6,460 00 
5,640 00 
4,692 00 
1,848 00 
2,398 00 
3,636 00 
3,080 00 



$111,300 00 $111,610 00 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule . 
Cash deposited in various banks 
Interest due and accrued . 
Premiums in course of collection (gross) 
Gross Assets .... 

Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. 
Commissions and brokerage . 
Return premiums .... 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 



$8,200 00 

62,421 00 

1,222 36 

111,610 00 

27,406 32 

839 79 

6,468 31 



$133 45 

3,980 00 

12,252 56 

201 83 

970 24 

16 60 



$218,167 78 



17,554 68 

$200,613 10 
200,000 00 

$613 10 



* Value of lands mortgaged $52,250 00 

Value of buildings thereon 68,250 00 

Amount of insurance held as collateral . . . 73,100 00 



128 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 



$14,998 89 
501 34 



$14,497 55 
4,958 00 



Gross Cash Income $19,455 55 



Expenditures. 
Cash paid for fire losses .... 
for commissions and brokerage 
for salaries of officers and employes 
for State and local taxes . 
rent and incidentals 



Gross Cash Expenditures 



8908 02 

2,207 49 

1,688 80 

796 00 

1,585 54 

£7,185 85 



Risks and Premiums. 



Fire risks written during 1878 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 



Net amount in force 



Premiums. 

$1,968,064 00 $22,847 90 
234,697 00 2,159 46 



,733,367 00 $20,688 44 
8,750 00 113 00 



,724,617 00 $20,575 44 



Miscellaneous. 



Premiums received from organization of stock department . $14,998 89 

Losses paid from organization of stock department . . 908 02 

Fire losses incurred during the year (stock department) . 5,265 22 

Company's stock owned by directors ..... 76,600 00 



NEPTUNE FIRE AND MARINE INSURANCE COMPANY, 

BOSTON. 

[Incorporated Dec. 24, 1S72. Commenced business Jan. 1, 1873.] 

Paid-up Capital, $300,000. 

George F. Osborne, President. Secretary, Eugene B. Hinkley. 

Office, No. 64 State Street. 



Detailed Statement of Stocks, Bonds, Etc. 



700 shares Tremont National Bank . 

100 " National Union Bank . 

30 " Massachusetts National Bank 
75 " Hamilton National Bank 

101 " Suffolk National Bank . 



Par value. 

$70,000 00 

10,000 00 

7,500 00 

7,500 00 

10,100 00 



Market value. 

§70,000 00 

12,550 00 

7.725 00 

7,650 00 

10,706 00 



1878.] AND FIRE-MARINE INSURANCE COS. 129 



36 shares Globe National Bank 
112 " Revere National Bank . 

16 " Everett National Bank . 

22 " National Bank of Redemption 

27 " Shoe and Leather National Bank 
100 " Boston and Providence Railroad 
United States bonds 
Boston and Maine Railroad bonds, 7s 
Fitchburg Railroad bonds, 7s . 
Fitchburg city bonds, 6s 
Brookline water loan, 7s . 
Burlington and Mo. River (Neb.) bonds, 6s 
Union Pacific R.R. 1st mortgage bonds 
Union Pacific R.R. land grant bonds 
Corporation notes, indorsed 

Securities held as collateral for cash loans : • 
United States 5-20 bonds 

Summary of Assets, Dec 

Loans on mortgage of real estate (first liens*) 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in Tremont National Bank 
Interest due and accrued 
Premiums in course of collection (gross) . 
Notes taken for marine and inland risks . 
Gross Assets ..... 

Liabilities. 

Losses claimed and reported . 

Unearned premiums on outstanding risks 
Commissions and brokerage 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 



$3,600 00 

11,200 00 

1,600 00 

2,200 00 

2,700 00 

10,000 00 

100,000 00 

30,000 00 

10,000 00 

30,000 00 

10,000 00 

24,000 00 

20,000 00 

30,000 00 



83,096 00 

11,200 00 

1,440 00 

2.618 00 

2.619 00 
10,150 00 

107,062 50 
34,950 00 
11,700 00 
33,150 00 
11,850 00 
24,690 00 
21,175 00 
32,212 50 
35,000 00 

$451,544 00 



Surplus over Capital 

Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 



Market value. Loaned thereon. 

$11,563 75 $11,000 00 

31, 1878. 

$10,000 00 

281 67 

451,544 00 

11,000 00 

1,228 83 

17,365 15 

4,663 75 

7,472 84 

49,580 41 

$553,136 65 



$16,000 00 

90,374 46 

600 00 



- 106,974 46 

. $446,162 19 

. 300,000 00 

. $146,162 19 



$68,102 33 
4,938 09 



$63,164 24 



* Value of lands mortgaged . 
Value of buildings thereon . . . 
Amount of insurance held as collateral 



$16,000 00 
28,000 00 
10,000 00 



17 



130 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Cash rec'd for marine and inland premiums . $80,424 21 
Deduct re-insurance and return premiums . 4,837 72 

Net cash rec'd for marine and inland prems. . 

Unpaid premium notes received 

during the year . . . $31,108 00 

Interest received on mortgages 

Interest and dividends received from all other sources . 



,586 49 



600 00 
25,277 45 



Gross Cash Income $164,628 18 



Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses 
Cash paid for marine and inland losses . 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for rent and incidentals . 

Gross Cash Expenditures . 

Risks and Premiums. 



$33,712 24 

19 38 

$93,719 72 

237 17 



-333,692 86 



- $93,482 55 

30,000 00 

10,360 68 

14,852 90 

4,022 37 

6,161 25 

. $192,572 61 



Fire risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year 

Marine risks outstanding Dec. 31, 1877 
written during 1878 

Total ..... 

Deduct risks expired and terminated 

In force at end of year 
Deduct amount re-insured 



Premiums. 

$7,283,216 00 $98,791 06 
6,399,475 00 65,866 97 



$13,682,691 00 $164,658 03 
7,133,873 00 ' 82,213 27 



1,548,818 00 $82,444 76 



$2,423,690 00 
1,417,380 00 



$71,716 49 
41,730 42 



$3,841,070 00 $113,446 91 
1,991,829 00 64,315 69 



,849,241 00 
16,250 00 



$49,131 22 
706 25 



Net amount in force .... $1,832,991 00 $48,424 97 

Miscellaneous. 
Premiums received from organization of company 



Losses paid from organization of company . 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) 
Fire losses incurred during the year .... 
Marine and inland losses incurred during the year 
Company's stock owned by directors .... 



$1,269,644 00 
803,822 60 
150,000 00 
30,000 00 
37,192 86 
66,482 55 
40,600 00 



1878.] AND FIRE-MARINE INSURANCE COS. 131 



NORTH AMERICAN INSURANCE COMPANY, BOSTON. 

[Incorporated December, 1872. Commenced business January, 1873.] 

Paid-up Capital, $200,000. 

Albert Bowker, President. Secretary, E. E. Patridge. 

Office, No. 1 Old State House. 

Detailed Statement of Stocks, Bonds, Etc. 

Market value. 

United States bonds . . . . . $32,000 00 $33,347 50 
Cambridge city bonds 



Eastern Railroad bonds . 
Columbian National Bank stock 
Merchants' National Bank stock 
State National Bank stock 
Eleventh Ward National Bank stock 
Shoe and Leather National Bank stock 
National Hide and Leather Bank stock 



Par value. 

$32,000 00 

10,000 00 

21,000 00 

5,000 00 

12,900 00 

10,000 00 

18,333 33 

1,000 00 

700 00 



10,500 00 

14,910 00 

6,775 00 

15,802 50 

10,800 00 

9,166 66 

970 00 

703 50 



$110,933 33 $102,975 16 



Securities held as collateral for cash loans : — 

Old Colony Railroad stock .... 
East Boston Savings Bank books 
Mortgage note and deed ..... 
East Boston Savings Bank book 



Market value. Loaned tbereon. 

$388 0(3 $300 00 

894 28 678 80 

2,500 00 

3,225 96 



4,924 68 



Summary of Assets, Dec. 31 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in Merchants' National Bank 
Interest due and accrued .... 
Premiums in course of collection (gross) . 
Bills receivable ..... 
Premiums more than 3 months due . $98 80 
Gross Assets . . . ... 

Liabilities. 

Unearned premiums on outstanding risks 
Commissions and brokerage . 
Return premiums and re-insurance . 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 



$7,008 24 

, 1878. 

$43,700 64 

142,090 69 

4,670 62 

102,975 16 

5,903 48 

561 62 

9,669 64 

76 18 

2,539 23 

8,467 50 



$46,526 41 

223 52 

38 11 



$5,903 48 



$320,654 76 



46,788 04 

$273,866 72 
200,000 00 

$73,866 72 



* Total value of property mortgaged 
Amount of insurance held as collateral 



$315,200 00 
89,414 00 



132 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Income. 
Cash received for fire premiums . . . $56,215 76 
Deduct re-insurance and return premiums . 5,951 63 

Net cash received for fire premiums . . $50,264 13 

Interest received on mortgages 10,798 53 

Interest and dividends received from all other sources . . 5,217 53 

Income from profit and loss account 2,500 00 

Gross Cash Income $68,780 19 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 



$14,542 12 
669 18 



$13,872 94 

20,000 00 

3,751 08 

10,457 14 

3,315 76 

4,002 46 

155,399 38 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Risks and Premiums. 

Premiums. 

69,664,348 00 $103,249 23 
8,078,272 00 54,748 17 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$17,742,620 00 8157,997 40 
8,163,704 00 71,933 26 



$9,578,916 00 $86,064 14 
359,291 00 3,425 28 



$9,219,625 00 $82,638 86 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company . 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) 
Fire losses incurred during the year .... 
Company's stock owned by directors .... 



8380,105 99 
93,662 08 
100,000 00 
20,000 00 
14,542 12 
38,400 00 



1878.] AND FIRE-MARINE INSURANCE COS. 133 



PRESCOTT INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 27, 1872. Commenced business Jan. 15, 1873.] 

Paid-up Capital, $200,000. 

Franklin Greene, President. Secretary, Francis H. Stevens. 

Office, No. 56 Devonshire Street. 



Detailed Statement of Stocks, Bonds, Etc. 



Cleveland city bonds 

Boston city bonds .... 

Cincinnati city bonds 

Boston and Lowell Railroad bonds . 

625 shares Webster National Bank . 

112 " Atlas National Bank 

203 " Eliot National Bank 

50 " Central National Bank . 

10 " Eagle National Bank . 
150 " Merchandise National Bank 
105 " Market National Bank . 

50 " New England National Bank 
120 " Tremont National Bank . 
125 " Second National Bank . 

48 " Blackstone National Bank 

60 " Merchants' National Bank 
100 " State National Bank 

50 " Globe National Bank 



Securities held as collateral for cash loans : - 
15 shares Middlesex Company 

Summary of Assets, Dec 

Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule . 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in Nat'l B'k of Commonwealth 
Interest due and accrued .... 
Premiums in course of collection (gross) . 
Gross Assets 



Par value. 

$20,000 00 

10,000 00 

25,000 00 

25,000 00 

62,500 00 

11,200 00 

20,300 00 

5,000 00 

1,000 00 

15,000 00 

10,500 00 

5,000 00 

12,000 00 

12,500 00 

4,800 00 

6,000 00 

10,000 00 

5,000 00 



Market value. 

$21,000 00 

10,225 00 

25,875 00 

28,406 25 

60,000 00 

11,872 00 

19,285 00 

4,150 00 

1,000 00 

13,500 00 

9,450 00 

6,450 00 

12,000 00 

16,250 00 

4,344 00 

7,350 00 

10,800 00 

4,312 50 



$260,800 00 $266,269 75 



Market value. Loaned thereon. 

$2,550 00 $2,000 00 

31, 1878. 

$80,000 00 

2,438 66 

266,269 75 

2,000 00 

2,586 35 

17,833 07 

1,558 33 

11,575 61 

$384,261 77 



* Value of lands mortgaged $88,000 00 

Value of buildings thereon 35,000 00 

Amount of insurance held as collateral . . . 51,500 00 



134 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31. 



Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 



$1,677 46 

12,589 12 

91,533 19 

2,173 19 



8107,972 96 

. $276,288 81 

. 200,000 00 

Surplus ever Capital §76,288 81 

Income. 
Cash received for fire premiums . . . $158,094 71 
Deduct re-insurance and return premiums . 21,183 30 

Net cash received for fire premiums . . 8136,911 41 

Interest received on mortgages . . .... 5,279 20 

Interest and dividends received from all other sources . . 13,179 12 

Gross Cash Income 8155,369 73 



Expenditures. 

Cash paid for fire losses 886,765 30 

Deduct salvage and re-insurance . . 93 03 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

. for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force . 



814,897,081 00 
14,539,472 00 

829,436,553 00 
14,465.220 00 



814,971,333 00 
152,529 00 



886,672 27 

20,000 00 

23,809 78 

9,500 00 

2,869 13 

12,199 88 

8155,051 06 

Premiums. 

$193,302 24 
155,705 35 

8349,007 59 
166,721 73 

81S2,285 86 
2,019 29 



814,S18,804 00 8180,266 57 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) 
Fire losses incurred during the year . . ■ 
Company's stock owned by directors .... 



8856,289 06 

341.032 89 

90,000 00 

20,000 00 

92,516 60 

120,500 00 



1878.] AND FIRE-MARINE INSURANCE COS. 135 



REVERE FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated May 3, 1875. Commenced business May 6, 1875.] 

Paid-up Capital, $200,000. 

Joseph H. Wellman, President. Secretary, John W. Belches. 

Office, No. 48 Congress Street. 



Detailed Statement of Stocks, 

United States bonds 
34 shares Metropolitan National Bank 
50 ' 
30 ' 
78 < 

19 < 
50 < 
50 < 
50 • 
15 < 

20 < 
38 ' 

100 < 

63 ' 

100 ' 

30 ' 

38 « 



' Tremont National Bank . 
1 Second National Bank . 
1 Atlantic National Bank . 
' Mechanics' National Bank 
' Third National Bank . 
' Boston National Bank . 
' Boylston National Bank . 
' Eagle National Bank 
' Mt. Vernon National Bank 
' Everett National Bank . 
' National Bank of the Republic 
' National Bank of Redemption 
' Old Colony Railroad 
' Norwich and Worcester Railroad 
' Merchandise National Bank . 
Cheshire Railroad bonds . 
20 shares E. & T. Fairbanks & Co. stock 
South Boston Gas Light Company notes . 



Bonds, Etc. 

Par value. 

$40,000 00 

3,400 00 

5,000 00. 

3,000 00 

7,800 00 

1,900 00 

5,000 00 

5,000 00 

5,000 00 

1,500 00 

2,000 00 

3,800 00 

10,000 00 

6,300 00 

10,000 00 

3,000 00 

3,800 00 

15,000 00 

10,000 00 

10,000 00 



Market value. 

$41,900 00 

3,196 00 

4,987 50 

3,900 00 

9'750 00 

2,090 00 

4,262 50 

4,575 00 

5,037 50 

1,500 00 

1,690 00 

3,420 00 

12,450 00 

7,528 50 

9,700 00 

3,720 00 

3,420 00 

15,000 00 

11,000 00 

10,000 00 



$151,500 00 $159,127 00 



Securities held as collateral for cash loans : — 

5 shares Dorchester Gas Light Company 
300 " Iusurance Company No. America . 
Boston city bond ...... 

15 shares Revere Copper Company . 



Market value. Loaned thereon. 



$415 00 

9,000 00 

1,150 00 

18,000 00 



$300 00 

6,000 00 

1,000 00 

15,000 00 



$28,565 00 $22,300 00 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens*), $63,000 00 

Interest due or accrued thereon . . . 1,099 45 

Stocks, bonds, etc., as per schedule . . 159,127 00 

Loans on collateral security, as per schedule . 22,300 00 

Cash in the office of the company . . . 789 42 

deposited in Everett National Bank . 15,881 81 



* Value of lands mortgaged . $32,200 00 

Value of buildings thereon 81,800 00 

Amount of insurance held as collateral . . . 58,000 00 



136 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Interest due and accrued 
Premiums in course of collection (gross) . 
Gross Assets ..... 

Liabilities. 
Loses adjusted, unpaid .... 

claimed and reported 

Unearned premiums on outstanding risks 

Commissions and brokerage . 

Miscellaneous ...... 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 



Surplus over Capital 

Income. 
Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest received on mortgages 

Interest and dividends received from all other 

Gross Cash Income .... 

Expenditures. 
Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes_. 

for incidental expenses . 

Gross Cash Expenditures . 

Risks and Premiums. 



8705 01 
11,060 53 



$4,939 06 

4,100 00 

56 15 

1,675 43 

937 50 



8104,235 39 
16,269 08 



sources 



647,107 18 
975 00 



8274,573 15 



67,908 14 



Fire risks outstanding Dec. 31, 1877 



written during 1878 



Total 

Deduct risks expired and terminated 

In force at end of year 
Deduct amount re-insured 

Xet amount in force 



89,213,379 00 
9,708,693 00 

818,922,072 00 
9,635,250 00 

19,286,822 00 

231,213 00 



.,665 01 
200,000 00 

.665 01 



887,966 31 
4.770 50 
8,827 08 

8101,563 89 



846,132 18 
17,861 53 

10,620 00 
4.149 19 
0.754 S6 

-,517 76 

Premiums. 

8111.470 24 
99,139 79 

8210,610 03 
99,404 72 

$111,115 31 

2,696 75 



89,055,609 00 8108,418 56 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company . 
Cash dividends declared from organization of company 
Fire losses incurred during the year . 
Company's stock owned by directors .... 



8320.176 43 
99,752 75 
10,000 00 
53,005 12 
27,900 00 



1878.] AND FIRE-MARINE INSURANCE COS. 137 



SALEM MARINE INSURANCE COMPANY, SALEM. 

[Incorporated Feb. 6, 1856. Commenced business Feb. 7, 1857.] 

Paid-up Capital, $100,000* 

William Northey, President. Secretary, Frederick P. Richardson. 



Detailed Statement of Stocks, 



United States bonds .... 
Burlington and Missouri Railroad bonds 
Cedar Rapids and Missouri River R.R. bonds 
Vt. Central and Vt. and Canada R.R. bonds 
Cleveland city bonds, 7s . 
Providence city (gold) bonds, 5s 
Cambridge city bonds .... 
Ogdensburg and Lake Champlain R.R. bonds 

30 shares Mercantile National Bank, Salem 

81 

73 

98 
100 

93 
100 
100 
100 

51 

30 

16 

21 



Merchants' National Bank, Salem 
Exchange National Bank, Salem 
First National Bank, Salem . 
Naumkeag National Bank, Salem 
North National Bank, Boston 
Second National Bank, Boston 
Webster National Bank, Boston 
Bank of Commerce, Boston . 
Atlantic National Bank, Boston 
Merchants' National Bank, Boston 
Shawmut National Bank, Boston 
Boston National Bank, Boston 



Bonds, Etc. 

Par value. 

$50,000 00 

6,000 00 

5,000 00 

5,000 00 

10,000 00 

5,000 00 

10,000 00 

5,000 00 

3,000 00 

4,050 00 

7,300 00 

9,800 00 

10,000 00 

9,300 00 

10,000 00 

10,000 00 

10,000 00 

5,100 00 

3,000 00 

1,600 00 

2,100 00 



Market value. 

$52,806 25 

6,172 50 

5,375 00 

1,350 00 

11,100 00 

5,325 00 

11,412 50 

5,000 "00 

3,240 00 

4,698 00 

8,030 00 

10,780 00 

13,500 00 

10,160 25 

13,000 00 

9,400 CO 

7,700 00 

6,375 00 

3,675 00 

1,628 00 

1,921 50 



Securities held as collateral for cash loans : — 
100 shares Insurance Co. North America 



$181,250 00 $192,649 00 

Market value. Loaned thereon. 

$3,000 00 $2,000 00 



Summary of Assets, Dec. 31, 1878. 

Stocks, bonds, etc , as per schedule . . $192,649 00 

Loans on collateral security, as per schedule . 2,000 00 

Cash in the office of the company . . . 11 58 

deposited in various banks . . . 19,054 81 

Interest due and accrued . .... 2,105 00 

Premiums in course of collection (gross). . 4,792 05 

Notes taken for marine and inland risks . . 23,298 37 

Bank tax returnable 1,223 23 

Gross Assets ...... 

Liabilities. 

Losses adjusted, unpaid $4,646 04 

claimed and reported .... 11,730 00 

Unearned premiums on outstanding risks . 30,706 46 
18 



$245,134 04 



138 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Dividends to stockholders, unpaid . 
Due and accrued for rent, salaries, etc. 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



$195 00 
684 00 
543 54 



Surplus over Capital 

Income. 

Cash received for marine and inland prems. . $58,819 65 
Deduct re-insurance and return premiums . 4,411 08 

Net cash received for marine and inl'd prems. 

Interest received on bonds . . . .... 

Interest and dividends received from all other sources . 

Gross Cash Income 



$48,505 04 

$196,029 00 
100,000 00 

$96,629 00 



154,408 57 

3*137 50 
6,737 44 

$64,283 51 



$67,254 70 
3,442 38 



Expenditures. 

Cash paid for marine and inland losses . 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for rent and incidentals . 

Gross Cash Expenditures . 

Risks and Premiums. 

Premiums. 

Marine risks outstanding Dec. 31, 1877 . $876,381 00 $38,737 94 

written during 1878 . 



Total 

Deduct risks expired and terminated 

In force at end of year 



$63,812 32 
9,955 00 
2,556 04 
3,112 00 
1,504 80 
735 77 

$81,675 93 



2,240,775 00 47,318 73 



$3,117,156 00 $86,056 67 
2,426,087 00 55,350 21 



$691,069 00 $30,706 46 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) 
Marine and inland losses incurred during the year 
Company's stock owned by directors .... 



$1,030,804 86 

786,817 76 

214.000 00 

10,000 00 

63,812 32 

13,700 00 



1878.] AND FIRE-MARINE INSURANCE COS. 139 



SHAWMUT INSURANCE COMPANY, BOSTON. 

[Incorporated July 29, 1875. Commenced business Sept. 23, 1875.] 
Paid-up Capital, $500,000. 

William S. Denny, President. Secretary, James Bruerton. 

Office, No. 4 Post-Office Square. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$120,100 00 $119,889 63 
100,000 00 110,500 00 



United States bonds 

Massachusetts State registered bonds, 5s, gold, 

Boston city water loan, 5s, gold 

Newton city water loan, 6s 

Fall River water loan, 5s, gold 

Danvers city water loan, 5s 

Lynn city water loan, 5s . 
12 shares First National Bank, Chelsea 
75 " Merchandise Nat'l Bank, Boston 

100 " Manufacturers' Nat'l Bank, Boston, 
50 " Continental National Bank, Boston, 



Summary of Assets, Dec 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 

deposited in Nat'l Bank of Commonw'th 
Interest due and accrued 
Premiums in course of collection (gross) . 
Re-insurance premiums due . 

Gross Assets 

Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



100,000 00 

50,000 00 

40,000 00 

50,000 00 

10,000 00 

1,200 00 

7,500 00 

10,000 00 

5,000 00 



111,500 00 

57,750 00 

40,800 00 

51,250 00 

10,350 00 

1,140 00 

6,150 00 

8,625 00 

4,250 00 



$493,800 00 $522,204 63 

31, 1878. 

$800 00 
51,000 00 

1,122 45 

522,204 63 

28,849 79 

6,704 75 

3,105 99 
25,455 29 
11,024 45 
$650,267 35 



Surplus over Capital 



$5,691 66 

19,775 44 

95,631 20 

250 00 

3,818 28 



125,166 58 

$525,100 77 
500,000 00 

$25,100 77 



* Total value of property mortgaged 
Amount of insurance held as collateral 



$85,500 00 
36,500 00 



140 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



$225,765 53 
28,689 09 



Income. 
Cash received for fire premiums 
Deduct re-insurance and return premiums 

Net cash received for fire premiums . . 

Interest received on mortgages .... 
Interest and dividends received from all other sources 

Gross Cash Income 

Expenditures. 

Cash paid for fire losses .... 
for commissions and brokerage 
for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 



$197,076 44 

2,721 74 

24,789 50 

$224,587 68 



$136,672 76 

33,330 94 

20,653 04 

9,088 33 

14,334 11 

8214,679 18 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Risks and Premiums. 

Premiums. 

$17,405,779 00 $229,946 86 
20,859,983 00 225,765 53 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$38,265,762 00 8155.712 39 
20,858,650 00 260,009 40 



817,407,112 00 8195,702 99 
384,225 00 6,556 81 



$17,022,887 00 $189,146 18 



Miscellaneous.' 

Premiums received from organization of company 
Losses paid from organization of company . 
Fire losses incurred during the year 
Company's stock owned by directors . 



•-771,044 48 
345,017 77 
146,376 71 
152,000 00 



SHOE AND LEATHER INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 26, 1872. Commenced business Jan. 1, 1873.] 

Paid-up Capital, 8300,000. 

John C. Abbott, President. Secretary, Henry B. White. 

Office, No. 52 Devonshire Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $170,000 00 $178,475 00 

Boston and Albany Railroad bonds, 7s . . 25,000 00 29,500 00 

Eastern Railroad bonds, 3£s . . . . 21,000 00 14,962 50 

Providence city, gold, 5s 25,000 00 26,625 00 



1878.] AND FIRE-MARINE INSURANCE COS. 141 



Cambridge city bonds, 1880, 6s 

Cambridge city bonds, 1883, 6s 

Somerville city bonds, 6^s 

Woburn town bonds, 6s . 

Beverly town bonds, 5s . 

253 shares Shawmut National Bank 

250 " National Bank of the Republic 
75 " Merchandise National Bank 

200 " Hamilton National Bank 

100 " Second National Bank . 
31 " Atlantic National Bank . 

117 " Tremont National Bank . 
54 ' ' National Bank of Redemption 
47 " Atlas National Bank 
62 " Merchants' National Bank 



$10,000 00 

30,000 00 

21,500 00 

30,000 00 

5,000 00 

25,300 00 

25,000 00 

7,500 00 

20,000 00 

10,000 00 

3,100 00 

11,700 00 

5,400 00 

4,700 00 

6,200 00 



$10,200 00 

31,500 00 

22,252 50 

30,600 00 

5,000 00 

25,742 75 

31,125 00 

6,750 00 

20,350 00 

13,000 00 

3,875 00 

11,670 75 

6,453 00 

4,982 00 

7,595 00 



$456,400 00 $480,658 50 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens*), $40,000 00 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 

deposited in various banks 
♦Interest due and accrued 
Premiums in course of collection (gross) . 
Notes taken for marine and inland risks . 
Gross Assets ..... 

Liabilities. 
Losses claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital ..... 



1,042 50 
480,658 50 

7,624 33 
45,178 02 

2,327 72 
20,167 80 
74,570 10 



$27,692 41 

1,383 94 

170,798 22 

705 24 



$671,568 97 



200,579 81 

. $470,989 16 
. 300,000 00 

Surplus over Capital $170,989 16 

Income. 

Cash received for fire premiums . . . $142,145 68 

Deduct re-insurance and return premiums . 12,636 78 

Net cash received for fire premiums . . $129,508 90 

Cash received for marine and inland premiums, $102,595 35 

Deduct re-insurance and return premiums . 8,126 97 

Net cash rec'd for marine and inland prems. . 94,468 38 



* Value of lands mortgaged 
Value of buildings thereon 
Amount of insurance held as collateral 



$40,000 00 
50,000 00 
43,000 00 



142 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Unpaid premium notes received 

during the year . . . $57,167 37 
Interest received on mortgages .... 
Interest and dividends received from all other sources 



$2,850 00 
28,777 05 



Gross Cash Income $255,604 33 



Expenditures. 
Cash paid for fire losses .... 

for marine and inland losses . 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

•for State and local taxes . 

for rent and incidentals . 

Gross Cash Expenditures . 

Risks and Premiums. 



$103,648 13 
2,588 21 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount, in force 

Marine risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$15,235,624 00 
13,880,352 00 

$29,115,976 00 
13,544,177 00 

815,571,799 00 
44,011 00 



$55,838 36 



101,059 92 
30,000 00 
24,411 36 
14,680 00 
5,248 69 
14,873 95 

$246,112 28 



Premiums. 

$202,290 56 
141,120 46 

8:34:3.411 02 
149,078 55 

8194,332 47 
562 04 



$15,527,788 00 $193,770 43 

$1,629,463 00 876,063 91 

4,308,375 00 101,119 90 

$5,937,838 00 $177,183 81 

4,283,566 00 103,284 61 

$1,654,272 00 $73,899 20 

5,000 00 387 50 

$1,649,272 00 $73,511 70 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company . 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) 
Fire losses incurred during the year .... 
Marine and inland losses incurred during the year 
Company's stock owned by directors .... 



,376,816 00 
578,136 29 
150,000 00 
30,000 00 
57,854 70 
84,233 55 
53,300 00 



1878.] AND FIRE-MARINE INSURANCE COS. 143 



SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY, 

SPRINGFIELD. 

[Incorporated 1849. Commenced business 1851.] 

Paid-up Capital, $750,000. 

Dwight R. Smith, President. Secretary, Sanford J. Hall. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, 6s . 
500 shares Boston and Albany Railroad 
500 " Boston and Providence Railroad 
500 " Connecticut River Railroad . 
45 " Worcester and Nashua Railroad 
1000 " New York, N.H., and H. R.R. 

500 " New York Central and H. R. R.R 
1000 " New York and Harlem Railroad 
1000 " Phila., Wil., and Baltimore R.R 
196 " Old Colony Railroad . 
100 " Agawam Nat'l Bank, Springfield 
50 " John Hancock Nat'l B'k, Spr'gfield 
104 u Chicopee Nat'l Bank, Springfield 
80 " Pynchon Nat'l Bank, Springfield 
24 " Second Nat'l Bank, Springfield 
200 " Third Nat'l Bank, Springfield 
100 " Ware National Bank, Ware . 
34 " First Nat'l Bank, Northampton 
10 " Monson National Bank, Monson 
100 " Merchants' National B'k, Boston 
100 " Atlas National Bank, Boston 
100 " Howard National Bank, Boston 
100 " Webster National Bank, Boston 
150 " Boylston National Bank, Boston 
100 " Eliot National Bank, Boston 
100 " Nat'l Bank of Commerce, Boston 
50 " Nat'l Bank of Commerce, N.Y. 
Rome, Watertown, and Ogdensb'g R.R. bonds 
Morris and Essex Railroad bonds . 
New York and Harlem Railroad bonds . 
Boston and Albany Railroad bonds 



Par value. Market value. 

$100,000 00 $119,500 00 
50,000 00 64,500 00 



50,000 00 

50,000 00 

4,500 00 

100,000 00 

50,000 00 

50,000 00 

50,000 00 

19,600 00 

10,000 00 

5,000 00 

10,400 00 

8,000 00 

2,400 00 

20,000 00 

10,000 00 

3,400 00 

1,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

15,000 00 

10,000 00 

10,000 00 

5,000 00 

1,700 00 

8,000 00 

10,000 00 

100,000 00 



50,000 00 

70,000 00 

1,035 00 

155,000 00 

56,000 00 

70,000 00 

66,000 00 

18,620 00 

11,500 00 

6,000 00 

15,600 00 

12,160 00 

4,080 00 

31,600 00 

12,500 00 

4,080 00 

1,250 00 

12,200 00 

10,500 00 

10,000 00 

9,400 00 

15,150 00 

9,500 00 

7,600 00 

5,900 00 

1,700 00 

9,280 00 

12,000 00 

118,000 00 



$794,000 00 $990,655 00 



Securities held as collateral for cash loans : — 

10 shares New York, N. H., and H. R.R. 
20 " Agawam Nat'l Bank, Springfield 
20 " Second National Bank, Springfield . 
8 " Chicopee National Bank, Springfield, 
10 " Third National Bank, Spring-field . 



Market value. 

$1,550 00 
2,300 00 
3,400 00 
1,200 00 
1,580 00 



Loaned thereon. 

$1,000 00 

2,275 00 

1,500 00 

1,140 00 

900 00 



144 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



75 shares Massasoit Paper Manufacturing Co. 
10 " Agavvam National Bank . 
5 " Connecticut River Railroad 



Summary of Assets, Dec 

Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*) 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in various banks 

Interest due and accrued .... 

Premiums in course of collection (gross) . 

Rents due and accrued .... 

Gross Assets 

Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 

Total amount of losses .... 
Less re-insurance ..... 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 



». $9,000 00 


>7,000 00 


1,150 00 


1,000 00 


700 00 


300 00 


$20,880 00 


$15,115 00 


. 31, 1878. 




. $159,900 00 




1, 371,434 72 




11,420 00 




. 990,655 00 




15,115 00 




14,334 20 




. 71,396 64 




13,903 73 




. 111,000 00 




1,401 34 




$1,760,620 63 



Surplus over Capital 



$18,002 99 
38,078 68 
16,263 88 

872,345 55 
4,045 00 

$68,300 55 

547,676 42 

16,650 00 



632,626 97 

31.127,993 66 
750,000 00 

$377,993 66 



Income. 
Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums . . 

Interest received on mortgages . . 

Interest and dividends received from all other sources 

Income from rents 



$849,637 66 
90,102 72 



— $759,534 94 

25,346 84 

56,172 98 

4,674 12 

Gross Cash Income $S45,72S 88 



Expenditures. 

Cash paid for fire losses $425,181 80 

Deduct salvage and re-insurance . . . 28,275 39 

Net cash paid for fire losses .... 



$396,906 41 



* Value of lands mortgaged 
Value of buildings thereon . 
Amount of insurance held as collateral 



$220,000 00 
483,000 00 
340,800 00 



1878.] AND FIRE-MARINE INSURANCE COS. 145 



Cash dividends paid . . . . . 
Cash paid for commissions and brokerage . 

for salaries of officers and employes 

for State and local taxes 

for incidental expenses 

Gross Cash Expenditures 

Risks and Premiums 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year 



$81,364,791 00 
73,316,160 00 

$154,680,951 00 
64,954,788 00 



$75,000 00 

117,086 23 

38,928 69 

24,293 46 

70,032 23 

$722,247 02 



Premiums. 

$991,874 57 
837,056 16 

1,828,930 73 
752,907 10 



,726,163 00 $1,076,023 63 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) 
Fire losses incurred during the year 
Company's stock owned by directors 



,371,153 75 

6,927,265 95 

1,242,042 00 

75,000 00 

392,915 48 

158,600 00 



TRADERS' AND MECHANICS' INSURANCE COMPANY, 

LOWELL. 

[Incorporated June, 1848. Commenced business June, 1848.] 

Paid-up Capital, $100,000. 

Levi Sprague, President. Secretary, E. M. Tucke. 



Detailed Statement of Stocks, 



United States bonds 

Boston and Lowell Railroad bonds . 

Lowell and Lawrence Railroad bonds 

Cook County (111.) bonds 

Boston city bonds .... 

10 shares Stony Brook Railroad 

14 

2 

7 

5 
20 
20 

4 

2 
34 



Boston and Lowell Railroad 
Merrimack Manufacturing Co. 
Massachusetts Cotton Mills 
Lowell Manufacturing Company 
Bates Manufacturing Company 
Hill Manufacturing Company . 
Hamilton Manufacturing Company 
Appleton Manufacturing Company 
Prescott National Bank, Lowell 



Bonds, Etc. 

Par value. 

$20,000 00 
10,000 00 
6,000 00 
2,500 00 
5,000 00 
1,000 00 
7,000 00 
2,000 00 
7,000 00 
3,450 00 
2,000 00 
2,000 00 
4,000 00 
2,000 00 
3,400 00 



Market value. 

$20,800 00 
11,400 00 
6,240 00 
2,650 00 
5,200 00 
1,050 00 
4,200 00 
2,520 00 
7,245 00 
2,500 00 
2,280 00 
1,000 00 
3,600 00 
1,300 00 
4.2PO 00 



in 



146 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



10 shares Atlas National Bank, Boston . 
10 " Tremont National Bank, Boston 
10 " Merchants' National Bank, Boston, 



Securities held as collateral for cash loans : — 



17 shares Boston and Lowell Railroad . 
4 " Connecticut Fire Insurance Co. 

40 " Boston and Lowell Railroad . 
100 " Nashua and Lowell Railroad . 
Loaned on personal security . 

Summary of Assets, Dec 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company and in bank 
Interest due and accrued .... 
Premiums in course of collection (net) . 
Gross Assets 

Liabilities. 

Losses disputed or resisted 
Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 



$1,000 00 


$1,080 00 


1,000 00 


1,000 00 


l, 1,000 00 


1,220 00 


$80,350 00 


179,535 00 


Market value. Loaned thereon. 


85,100 00 


$5,000 00 


440 00 


400 00 


12,000 00 


4,000 00 


9,500 00 


5,000 00 


. 


500 00 




$14,900 00 


. 31, 1878. 




. 814,500 00 




54,700 00 




79,535 00 




14,900 00 




10,346 09 




1,429 36 




864 50 






$176,274 95 




. $2,500 00 




. 23,990 87 


9fi 4Q0 S7 



Surplus as regards Policy-holders $149,784 08 

Paid-up Capital 100,000 00 



Surplus over Capital 



$49,784 08 



Income. 

Cash received for fire premiums . . . $25,334 48 
Deduct re-insurance and return premiums . 1,252 38 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents 



824,082 10 

6,868 26 

1,424 00 

596 28 



Gross Cash Income $32,970 64 

Expenditures. 
Cash paid for fire losses $4,842 99 



Cash dividends paid .... 

Cash paid for commissions and brokerage 
for salaries and incidentals 
for State and local taxes . 



8,000 00 
3,319 97 
3,062 06 
1,557 41 



Gross Cash Expenditures . . . .... 920,782 43 



1878.] AND FIRE-MARINE INSURANCE COS. 147 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year 



$3,610,127 00 
2,253,575 00 

$5,863,702 00 
2,547,250 00 



Premiums. 

$53,754 67 
25,527 88 

$79,282 55 
31,300 81 



1,316,452 00 $47,981 74 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (8 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



$433,424 99 

256,546 55 

156,500 00 

8,000 00 

4,842 99 

5,300 00 



WASHINGTON FIRE AND MARINE INSURANCE COMPANY, 

BOSTON. 

[Incorporated Dec. 31, 1872. Commenced business Jan. 1, 1873.] 

Paid-up Capital, $400,000. 

Isaac Sweetser, President. Secretary, Benjamin Sweetser. 

Office, No. 38 State Street. 



Detailed Statement of Stocks, Bonds, Etc. 



United States gold bonds 

567 shares Columbian National Bank 

25 " Continental National Bank 
100 " Hamilton National Bank 
150 " Merchants' National Bank 
120 " National City Bank 
109 " National Eagle Bank 
100 " National Bank of Commerce . 

31 u National Hide and Leather Bank 
100 " National Revere Bank . 

74 " State National Bank 
18 " Suffolk National Bank . 

75 " Merchandise National Bank . 
15 " Washington National Bank . 
40 " Norwich and Worcester Railroad 

Chicago, Burlington, and Quincy R.R. bonds, 
Union Pacific R.R. 1st mortgage bonds . 



Par value. 

$110,000 00 

56,700 00 

2,500 00 

10,000 00 

15,000 00 

12,000 00 

10,900 00 

10,000 00 

3,100 00 

10,000 00 

7,400 00 

1,800 00 

7,500 00 

1,500 00 

4,000 00 

20,000 00 

20,000 00 



Market value. 

$115,268 75 

76,828 50 

2,125 00 

10,175 00 

18,375 00 

12,675 00 

10,900 00 

7,700 00 

3,115 50 

9,800 00 

7,992 00 

1,912 50 

6,750 00 

1,815 00 

4,960 00 

22,900 00 

21,175 00 



148 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Cedar Rapids and Mo. River R.R. bonds 

Old Colony Railroad bonds 

Eastern Railroad bonds .... 

Boston city bonds . 

10 shares Boston Gas Light Company 



$5,000 00 

20,000 00 

61,500 00 

110,000 00 

5,000 00 



375 00 

23,150 00 

43,818 75 

127,050 00 

6,500 00 



8503,900 00 $510,361 00 



Securities held as collateral for cash loans : 

10 shares Commercial Wharf Company . 
320 
88 
20 
20 
9 



Indian Orchard Mills 
Ames Manufacturing Company 
X. E. Mutual Insurance Company 
Boylston Mutual Insurance Co. 
Revere Insurance Company . 



Union Pacific Railroad bonds . 



Market value. Loaned thereon. 

825,000 00 $10,000 00 
32,000 00 
22,000 00 
1,400 00 1 
2,305 00 I 
567 00 J 
4,280 00 J 



25,000 00 
16,000 00 

7,000 00 



887,552 00 858,000 00 



Summary of Assets, Dec. 31, 1878. 

868,600 00 



Loans on mortgage of real estate (first liens*), 
Interest accrued thereon .... 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in Columbian National Bank 
Interest due and accrued 
Premiums in course of collection (gross) . 
Notes taken for marine and inland risks . 
Marine premium notes over due 



- 1,600 58 

540,361 00 

58,000 00 

181 94 

18,450 69 

2,328 33 

6,805 87 

75,379 24 

2,537 00 



*774,244 65 



Liabilities. 

Losses claimed and reported . 
Unearned premiums on outstanding risks 
Commissions and brokerage 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 



826,240 00 

122,093 14 

1,086 69 



- 149,419 83 

. 8624,824 82 
. 400,000 00 



Surplus over Capital 



. S224,S24 S2 



* Value of lands mortgaged . 
Value of buildings thereon . 
Amount of insurance held as collateral 



$60,600 00 

100,500 00 

70,000 00 



1878.] AND FIRE-MARINE INSURANCE COS. 149 



Income. 

Cash received for fire premiums . . . 888,552 96 
Deduct re-insurance and return premiums . 8,280 35 

Net cash received for fire premiums . . 

Cash received for marine and inland premiums, $108,930 73 
Deduct re-insurance and return premiums . 11,718 50 

Net cash rec'd for marine and inland prems. . 

Unpaid premium notes received 

during the year . . . $50,819 70 
Interest received on mortgages . . .... 

Interest and dividends received from all other sources . 
Profit and loss, old account . 



,272 51 



97,212 23 



5,877 67 

31,103 15 

227 32 



Gross Cash Income $214,692 98 



Expenditures. 
Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash paid for marine and inland losses . 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for rent and incidentals . 

Gross Cash Expenditures . 



$43,773 25 
760 64 

$89,231 16 
1,346 75 



$43,012 61 



87,884 41 

40.000 00 
13,956 66 
16,700 00 

5,893 85 

10.001 67 

$217,449 20 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Risks and Premiums. 

Premiums. 

$10,037,985 00 $125,475 67 
10,051,206 00 85,802 59 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$20,089,191 00 $211,278 26 
10,982,209 00 107,293 77 



1,106,982 00 $103,984 49 
111,933 00 1,354 92 



$8,995,049 00 $102,629 57 

$3,424,698 00 $90,473 02 
4,620,165 00 71,102 12 



18,044,863 00 $161,575 14 
5,154,671 00 90,473 92 



$2,890,192 00 $71,102 22 
3,000 00 22 40 



1,887,192 00 $71,078 82 



150 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company . 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) 
Fire losses incurred during the year .... 
Marine and inland losses incurred during the year 
Company's stock owned by directors .... 



$1,717,509 49 
931,708 74 
160,000 00 
40,000 00 
49,732 61 
86,674 41 
84,200 00 



1878.] AND FIRE-MARINE INSURANCE COS. 151 



AGGREGATE. 



Capital Stock. 
Whole amount of outstanding capital actually paid up 

Assets. 
Gross present Assets 

Liabilities. 
Gross present Liabilities 

Income. 

Cash actually received for fire premiums 

for marine premiums 
for interest and dividends from all sources . 
from all other sources 


$7,117,000 00 

$13,253,528 00 

$3,454,514 00 

$2,958,211 00 

1,209,765 00 

572,093 00 

20,997 00 


Gross Cash Income . ... 

Expenditures. 
Cash actually paid during the year for fire losses . 

for marine losses . 
for dividends to stockholders .... 
for brokerage and commissions on premiums 
for salaries and pay of officers and employes 
for State and local taxes ..... 
for office, agency, and incidental expenses . 


$4,761,066 00 

$1,581,223 00 
1,132,359 00 
546,043 00 
521,463 00 
326,644 00 
131,448 00 
289,012 00 


Gross Cash Expenditures 

Miscellaneous . 

Whole amount of fire risks written during the year 
premiums charged or receivable thereon . 
marine risks written during the year 
premiums charged or receivable thereon . 
fire risks terminated during the year . 
marine risks terminated during the year . 
fire risks outstanding at end of year . 
marine risks outstanding at end of year . 
unpaid premium notes received during the year, 
cash dividends declared during the year . 
fire losses incurred during the year . 
marine losses incurred during the year 


$4,528,192 00 

$321,172,180 00 

3,344,430 00 

69,163,282 00 

1,212,762 00 

298,594,981 00 

78,217,921 00 

348,616,960 00 

21,698,404 00 

277,881 00 

546,000 00 

1,638,194 00 

1,035,526 00 



FIRE, MARINE, AND FIRE-MARINE 
INSURANCE COMPANIES 

OF OTHER STATES. 



Detailed Statements of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

Dec. 31, 1878. 



20 



154 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



DETAILED STATEMENT OF ASSETS AND LIABILITIES. 



.ETNA INSURANCE COMPANY, HARTFORD, CONN. 

[Incorporated June, 1819. Commenced business Aug. 19, 1819.] 

Paid-up Capital, $3,000,000. 

Lucius J. Hendee, President. Secretary, Jotham Goodnow. 



Detailed Statement of Stocks, Bonds, Etc. 



United States currency bonds, 6s 
" " 1881 bonds, 6s . 

" " bonds, 4^s 

11 " bonds, 4s . 

Alabama state bonds, 8s . 
Canada Dominion stock, 6s 
Connecticut state bonds, 6s 
Indiana state bonds, 6s . 
New Hampshire state bonds, 6s 
Rhode Island state bonds, 6s . 
South Carolina state bonds, 6s 
Tennessee state bonds, 6s 
Hartford county bonds, 5s 
Hudson county (N.J.) bonds, 6s 
Barkhamsted (Conn.) town bonds, 6s 
Hartford (Conn.) town bonds, 6s 
Norwich (Conn.) town bonds, 7s 
Norfolk (Conn.) town bonds, 6s 
Danbury (Conn.) town bonds, 6s 
Pawtucket (R.I.) town bonds, 7s 
Windsor Locks (Conn.) town bonds, 6s 
Middletown (Conn.) town bonds, 6s 
Bloomington (111.) city bonds, 8s 
Boston (Mass.) city bonds, 6s . 
Brooklyn (N.Y.) city bonds, 6s 
Buffalo (N.Y.) city bonds, 7s . 
Cleveland (O.) city bonds, 6s . 
Cleveland (O.) city bonds, 7s . 
Cincinnati (O.) city water bonds, 7s 
Chicago (111.) city bonds, 7s . 



Par value. 

8100,000 oo 

100,000 00 
50,000 00 

100,000 00 
10,000 00 
5,070 69 
74,500 00 
50,000 00 
50,000 00 
91,000 00 
11,500 00 
31,000 00 
50,000 00 
25,000 00 
16,000 00 
84,000 00 

100,000 00 
26,000 00 
45,000 00 

100,000 00 
24,000 00 
60,000 00 
20,000 00 
50,000 00 
25,000 00 
50,000 00 
37,000 00 
80,000 00 
50,000 00 
50,000 00 



Market value. 

8119,250 00 

106,500 00 
52,250 00 

100,500 00 

4,300 00 

5,070 69 

80,460 00 

51,500 00 

53,500 00 

100,100 00 
9,315 00 
10,810 00 
50,000 00 
25,500 00 
16,480 00 
88,200 00 

115,000 00 
27,300 00 
46,350 00 

115,000 00 
25,200 00 
63,600 00 
21,400 00 
56,000 00 
27,000 00 
55,000 00 
38,480 00 
88,000 00 
52,500 00 
55,000 00 



1878.] 



INS. COS. OF OTHER STATES. 



155 



Detroit (Mich.) city bonds, 7s 

Hartford (Conn.) city bonds, 6s 

Indianapolis (Ind.) city bonds, 7 T 3 7 s 

Iron ton (O.) city bonds, 8s 

Jersey City (N.J.) city bonds, 6s . 

Lockport (N.Y.) city bonds, 7s 

Montreal (Canada) corporation stock, 6s 

Montreal (Canada) corporation bonds, 6s 

Newark (N.J.) city bonds, 7s. 

New Brunswick (N.J.) city bonds, 7s 

New York city stock, 6s . 

Pontiac (111.) city bonds, 10s . 

Rahway (N.J.) city bonds, 7s. 

Titus ville (Penn.) city bonds, 8s and 10s 

Toledo (O.) city special bonds, 7 T 3 ^s 

Toledo (O.) city water bonds, 8s 

Brooklyn (N.Y.) city bonds, 5s 

Rochester (N.Y.) city bonds, 7s 

Oswego (N.Y.) city bonds, 7s. 

East School District bonds (Vernon, Conn.), 6s, 

West School District bonds (Vernon, Conn.), 6s, 

School District (town Woodbridge, N. J.), 7s 

Atlantic Dock Company bonds, 7s . 

Albany and Susquehanna R.R. bonds, 7s 

Buffalo and Erie Railroad bonds, 7s 

Cleve., Col., Cin., and Indianap. R.R. S. F., 7s 

Cleve., Painsville, and A. R.R. bonds, 7s 

Cleve. and Toledo R.R. Gen. S. F. bonds, 7s 

Chicago, Burl., and Q. K.R. S.F. bonds, 8s 

Chi. and N.- Western R.R. 1st mort. bonds, 7s, 

Cincinnati, Ham., and Dayton R.R. bonds, 7s, 

Columbus and Xenia Railroad bonds, 7s 

Dayton and Western Railroad bonds, 6s . 

Harlem Riv. and P. Chester R.R. 1st bonds, 7s, 

Harlem Riv. and P. Chester R.R. 1st bonds, 6s, 

Housatonic Railroad 1st mort. bonds, 6s . 

Indianapolis and Cincinnati R R. bonds, 7s 

Joliet and Chi. R.R. 1st S.F. mort. bonds, 8s 

Keokuk and Des M. R.R. 1st mort. bonds, 5s 

Lake Shore Railroad bonds, 7s 

Lake Shore and Mich. Southern R.R. reg. S.F 

bonds, 7s . . . 

Little Miami Railroad mortgage bonds, 6s 
Michigan Central R R. 2d mort. bonds, 7s 
Mich. Southern and No. Ind. R.R. gen. mort 

bonds, 7s ..... . 

Morris and Essex R.R. 2d mort. bonds, 7s 
Morris and Essex R.R. 1st consol. bonds, 7s 
New York Central Railroad bonds, 6s 



$50,000 00 

128,000 00 
50,000 00 
10,000 00 
46,000 00 
25,000 00 
13,000 00 
22,000 00 
50,000 00 
20,000 00 
21,000 00 
12,000 00 
45,000 00 
15,000 00 
13,000 00 
5,000 00 
25,000 00 
25,000 00 
25,000 00 
9,500 00 
3,300 00 
20,000 00 
31,000 00 
50,000 00 
15,000 00 
25,000 00 

100,000 00 
85,000 00 
30,000 00 
50,000 00 
50,000 00 
50,000 00 
25,000 00 

100,000 00 
50,000 00 
50,000 00 
25,000 00 
18,000 00 
40,000 00 
10,000 00 

12,000 00 
72,000 00 
50,000 00 

25,000 00 

25,000 00 

50,000 00 

75,000 00 



$55,000 00 

135,680 00 
54,000 00 
10,500 00 
46,000 00 
27,500 00 
13,390 00 
22,660 00 
55,000 00 
20,600 00 
21,840 00 
13,200 00 
33,750 00 
16,500 00 
13,650 00 
5,200 00 
25,000 00 
27,500 00 
26,250 00 
9,500 00 
3,300 00 
21,000 00 
32,550 00 
50,000 00 
16,800 00 
28,000 00 

105,000 00 
95,200 00 
34,200 00 
55,000 00 
51,000 00 
52,000 00 
20,000 00 

115,000 00 
54,000 00 
51,000 00 
23,750 00 
19,800 00 
34,500 00 
11,000 00 

13,800 00 
72,000 00 
55,500 00 

27,500 00 
26,875 00 
43,500 00 
78,750 00 



156 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

N. Y. C. and H. R. R.R. 1st mort. bonds, 7s. $175,000 00 $211,750 00 

N. Y. and Harlem R.R. 1st nlort. bonds, 7s . 10,000 00 12,100 00 

Pittsb., Ft. Wayne, and Chi. R.R. 1st mort. 

bonds, 7s 55,000 00 67,100 00 

Pittsb., Ft. Wayne, and Chi. R.R. 2d mort. 

bonds, 7s 70,000 00 82,600 00 

Atlantic Mutual Insurance Company scrip . 37,370 00 37,370 00 

50 shares Connecticut River Company . 5,000 00 1,000 00 

500 " Albany and Susquehanna R.R. Co. 50,000 00 36,750 00 

144 " Central Ohio Railroad Company . 7,200 00 2,160 00 

1000 " Cleveland and Pittsburg R.R. Co. 50,000 00 41,500 00 

150 " Connecticut River Railroad Co. . 15,000 00 21,000 00 

250 " Dubuque and Sioux City R.R. Co. 25,000 00 15,000 00 

100 " Joliet and Chicago Railroad Co. . 10,000 00 10,000 00 

158 " Keokuk and Des M. R.R. Co. pref. 15,800 00 1,580 00 

80 " Keokuk and Des M. R.R. Co. com. 8,000 00 40 00 

1000 " Morris and Essex Railroad Co. . 50,000 00 37,500 00 

600 " N. Y. Cent, and H. Riv. R.R. Co. 60,000 00 67,200 00 

1000 «■ N. Y., N. H., and H. R.R. Co. . 100,000 00 156,000 00 

750 " Pittsb., Ft. W.,and Chi. R.R. Co. 75,000 00 75,000 00 

500 " New York and Harlem R.R. Co. . 25,000 00 35,250 00 

100 " A shuelot Railroad Company . 10,000 00 11,300 00 

100 " New Britain (Conn.) Nat'l Bank . 10,000 00 12,000 00 

100 " First National Bank, Albany . 10,000 00 15,000 00 
220 . " Farmers' and Mechanics' National 

Bank, Philadelphia . . . 22,000 00 27,500 00 

50 " Merchants' Bank, St. Louis . . 5,000 00 1,000 00 

50 " Merchants' Nat'l Bank, St. Louis, 5,000 00 3,350 00 

200 " Mechanics' Nat'l Bank, St. Louis, 20,000 00 9,400 00 

200 " .Etna National Bank, Hartford . 20,000 00 23,000 00 

200 " American Nat'l Bank, Hartford . 10,000 00 12,000 00 

300 " Charter Oak Nat'l Bank, Hartford, 30,000 00 37,800 00 

200 " City National Bank, Hartford . 20,000 00 15,600 00 

150 " Conn. Riv. Banking Co., Hartford, 7,500 00 4,500 00 

500 " Nat'l Exchange Bank, Hartford . 25,000 00 32,500 00 
420 " Farmers' and Mechanics' National 

Bank, Hartford. . . . 42,000 00 48,300 00 

200 " First National Bank, Hartford . 20,000 00 18,200 00 

800 " Hartford Nat'l Bank, Hartford . 80,000 00 120,000 00 

600 " Phoenix Nat'l Bank, Hartford . 60,000 00 90,000 00 

250 " State Bank, Hartford . . . 25,000 00 27,500 00 

400 " American Exch. Nat'l Bank, N.Y. 40,000 00 40,000 00 

300 " Nat'l Butch, and Drov. B'k, N.Y. 7,500 00 7,500 00 

100 " National City Bank, N.Y. . . 10,000 00 20,000 00 

300 " National Bank of Commerce, N.Y. 30,000 00 35,400 00 

100 " Hanover National Bank, N.Y. . 10,000 00 10,000 00 

300 " Imp. and Traders' Nat'l B'k, N.Y. 30,000 00 60,000 00 

400 " Bank of the Manhattan Co., N.Y. 20,000 00 27,000 00 

200 " Market National Bank, N.Y. . 20,000 00 21,000 00 



1878.] 



INS. COS. OF OTHER STATES. 



157 



667 shares Merchants' National Bank, N.Y 



160 
1200 
375 
200 
267 
200 
277 
400 
150 
320 
150 
100 
100 
100 



Merchants' Ex. Nat'l B'k, N.Y. 

Mechanics' National Bank, N.Y. 

Metropolitan Nat'l Bank, N.Y. 

Nassau Bank, N.Y. 

B'k of N.Y. Nat'l B'k'g Asso., N.Y 

Bank of North America, N.Y. 

Phenix National Bank, N.Y. 

People's Bank, N.Y. . 

Nat'l Bank of the Republic, N.Y 

Union National Bank, N.Y. 

N. Y. Life Ins. and Trust Co., N.Y 

United States Trust Co., N.Y. 

Union Trust Company, N.Y. 

Central Trust Company, N.Y. 



$33,350 00 
8,000 00 
30,000 00 
37,500 00 
20,000 00 
26,700 00 
20,000 00 
5,540 00 
10,000 00 
15,000 00 
16,000 00 
15,000 00 
10,000 00 
10,000 00 
10,000 00 



$40,687 00 
5,600 00 
38,100 00 
43,500 00 
16,400 00 
32,040 00 
14,000 00 
4,986 00 
11,500 00 
12,450 00 
23,200 00 
54,000 00 
33,000 00 
11,500 00 
11,000 00 



$5,010,330 69 $5,476,023 69 



Securities held as collateral for cash loans : — 

42 shares Hartford Carpet Company . 
5 " Phoenix National Bank 



Market value. Loaned thereon. 

$9,240 00 } qa QS0 00 
750 00 ) 



1,990 00 



Summary of Assets, Dec 

Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*) 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Gross Assets ..... 
Deduct deposit in Canada 



Balance 



31, 1878. 

$365,000 00 

86,920 00 

1,828 83 

5,476,023 69 

4,080 00 

14,682 46 

577,710 77 

7,083 31 

380,818 73 



$6,914,147 79 
36,050 00 

$6,878,097 79 



Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Commissions and brokerage . 



$44,638 66 

128,930 52 

26,804 82 

1,617,189 85 

39,375 00 



* Value of lands mortgaged $84,000 00 

Value of buildings thereon 86,000 00 

Amount of insurance held as collateral . . . 50,000 00 



158 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Return premiums .... 
Printing, etc. ..... 

Gross Liabilities, except Capital 
Deduct Liabilities on Canada Deposit 

Surplus as regards Policy-holders 



. $11,250 00 
500 00 

$1,868,688 85 
36,050 00 



-$1,832,638 85 



$5,045,458 94 



$2,519,285 96 
152,377 38 



Paid-up Capital 3,000,000 00 

Surplus over Capital $2,045,458 94 

Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Casji received for inland premiums . 
Deduct re-insurance and return premiums 

Net cash received for inland premiums . . 

Interest received on mortgages .... 
Interest and dividends received from all other sources 
Income from rents 



144,552 25 
25,309 35 



-$2,366,908 58 



Gross Cash Income .... 

Expenditures. 
Cash paid for fire losses .... 
paid for inland losses 
dividends paid .... 
paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 

Risks and Premiums. 



- 119,242 90 
5,337 38 

. 343,424 99 
8,464 39 

$2,843,378 24 



$1,258,801 78 
31,650 75 
600,000 00 
380,810 99 
157,830 11 
49,430 62 
133,356 40 

$2,611,880 65 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Inland risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year 



Premiums. 

$278,212,213 00 $3,347,847 93 
238,345,991 00 2,519,285 96 



$516,558,204 00 $5,867,133 89 
238,370,824 00 2,667,505 79 



$278,187,380 00 $3,199,628 10 
725,000 00 8,275 00 



$277,462,380 00 $3,191,353 10 



$35,000 00 
20,195,931 00 

$20,230,931 00 
20,112,431 00 



$S50 00 
144,552 25 

$145,402 25 
142,146 24 



$118,500 00 $3,256 01 



1878.] 



INS. COS. OF OTHER STATES. 



159 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (20 per cent) 

Fire losses incurred during the year 

Inland losses incurred during the year 

Company's stock owned by directors 



$80,188,047 89 

49,805,961 97 

10,303,365 00 

600,000 00 

1,246,245 97 

29,585 75 

306,300 00 



.ETNA INSURANCE COMPANY, NEW YORK. 

[Incorporated Dec. 1, 1871. Commenced business Dec. 1, 1871.] 

Paid-up Capital, $200,000. 

F. A. Conkling, President. Secretary, O. S. Bogert. 

Office, No. 172 Broadway. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds .... 
Securities held as collateral for cash loans : 

10 shares Ridgewood Insurance Company 
17 " Relief Insurance Company 
10 " Irving Insurance Company 

5 " New York Equitable Insurance Co. 

5 " Archer and Pancoast Manuf. Co. 



Par value. Market value. 

$139,000 00 $142,217 50 



Market value. Loaned thereon. 

$1,000 00 $800 00 

765 00 400 00 

900 00 800 00 

332 50 200 00 

6,000 00 4,000 00 



!,997 50 $6,200 00 



Summary of Assets, Dec, 31, 1878. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in bank .... 
Interest due and accrued .... 
Premiums in course of collection (net) . 
Premiums more than 3 months due, $534 15 
Gross Assets ...... 



$9,797 70 

53,600 00 

739 75 

142,217 50 

6,200 00 

1,227 42 

8,636 71 

1,710 29 

8,920 40 



$233,049 77 



* Value of lands mortgaged 
Value of buildings thereon . 
Amount of insurance held as collateral 



$58,000 00 
65,000 00 
52,300 00 



160 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Liabilities. 



Losses adjusted, unpaid . 

disputed or resisted 
Unearned premiums on outstanding risks 
State and local taxes 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 



$5,776 45 
1,000 00 

24,452 61 
1,800 00 



- $33,029 06 

. 8200,020 71 
. 200,000 00 



820 71 



Income. 

Cash received for fire premiums . . . $58,478 91 
Deduct re-insurance and return premiums . 8,731 11 

Net cash received for fire premiums . . 

Cash received for marine and inland premiums, $2,514 17 
Deduct re-insurance and return premiums . 521 96 

Net cash received for marine and inl'd premiums, 

Interest received on mortgages . . .... 

Interest and dividends received from all other sources . 



$49,747 80 



1,992 21 
4,470 72 
4,168 48 



Gross Cash Income $60,379 21 



Expenditures. 

Cash paid for fire losses 

paid for marine and inland losses . 
dividends paid .... 
paid for commissions and brokerage 

for salaries and incidentals 

» 

for State and local taxes . 
Gross Cash Expenditures . 



$25,633 36 

246 75 

17,000 00 

9,614 91 

25,767 00 

1,115 41 

$79,377 43 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Risks and Premiums. 

Premiums. 

$7,995,345 00 $52,874 10 
8,438,705 00 51,570 69 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 



$16,434,050 00 $104,444 79 
9,013,106 00 51,598 75 



$7,420,944 00 852,846 04 
836,743 00 4,256 07 



Net amount in force 



1,584,201 00 $48,5S9 97 



1878.] 



INS. COS. OF OTHER STATES. 



161 



Marine risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$117,350 00 
1,888,650 00 

$2,006,000 00 
1,582,550 00 

423,450 00 
161,225 00 

$262,225 00 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (8£ per cent) . 
Fire losses incurred during the year ..... 
Marine and inland losses incurred during the year . 
Company's stock owned by directors . . . . 



240 64 
2,374 44 

$2,615 08 
2,111 32 

503 76 

195 48 

308 28 



$814,779 56 

456,338 72 

155,000 00 

17,000 00 

25,343 90 

246 75 

62,400 00 



ALBANY INSURANCE COMPANY, ALBANY, N.Y. 

[Incorporated March 8, 1811. Re-organized June 1, 1851.] 

Paid-up Capital, 8200,000. 

Harmon Pumpelly, President. Secretary, Theodore Townsend. 

Office, corner State and Chapel Streets. 

Detailed Statement of Stocks 



United States bonds 

Albany city bonds . 

Syracuse city bonds 

Poughkeepsie city bonds 

Chicago city bonds . 

Jersey city bonds . 

Watervliet Turnpike and Railroad bonds 

New York Central Railroad bonds 

Buffalo and Erie Railroad bonds 



Summary of Assets, Dec 

Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued . 
Premiums in course of collection (net) 
Gross Assets .... 

21 



, Bonds, Etc 


i 


Par value. 


Market value. 


$310,000 00 


$325,093 75 


20,000 00 


23,500 00 


5,000 00 


5,500 00 


5,000 00 


5,000 00 


5,000 00 


5,000 00 


5,000 00 


5,350 00 


15,000 00 


15,000 00 


15,000 00 


15,675 00 


5,000 00 


5,400 00 


$385,000 00 


$405,518 75 


31, 1878. 




$405,518 75 




955 30 




21,328 43 




379 17 




142 17 






$428,323 82 



162 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 
Losses claimed and reported . 
Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 



$3,700 00 
34,101 18 



- $37,801 18 

. $390,522 64 
. 200,000 00 



Surplus over Capital 



$190,522 64 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 



$64,927 45 
4,338 61 



$60,588 84 
23,031 51 



Gross Cash Income $83,620 35 



Expenditures. 

Cash paid for fire losses . 

Cash dividends paid 

Cash paid for commissions and brokerage 
for salaries and incidentals 
for State and local taxes . 

Gross Cash Expenditures . 



$7,024 72 

35,000 00 

6,020 72 

11,358 12 

826 83 

$60,830 39 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$8,701,222 00 $67,017 60 
8,477,891 00 65,069 62 



$17,179,113 00 $132,087 22 
8,214,956 00 64,775 33 



1,964,157 00 $67,311 89 
170,175 00 1,078 11 



1,793,982 00 $66,233 78 



Miscellaneous. 
Premiums received from re-organization of company 
Losses paid from, re-organization of company . 
Cash dividends declared from re-organization of company 
Dividends declared during the year (17£ per cent) 
Fire losses incurred during the year .... 
Company's stock owned by directors .... 



$1,640,478 00 

585,029 00 

730,000 00 

35,000 00 

11,324 72 

33,600 00 



1878.J 



INS. COS. OF OTHER STATES. 



163 



AMERICAN INSURANCE COMPANY, NEWARK, N.J. 

[Incorporated Feb. 20, 1846. Commenced business April 1, 1846.] 

Paid-up Capital, 8600,000 .* 

S. G. Gould, President. Secretary, Fred. H. Harris. 

Office, No. 746 Broad Street. 

Summary of Assets, Dec. 31, 1878. 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liensf), 
Interest due or accrued thereon 
United States bonds, 1881, 5s . 
Cash in the office of the company . 

deposited in various banks 
Premiums in course of collection (gross) 
Rents due and accrued . 
Company's own scrip . . $70,000 00 
Gross Assets 



225,458 65 

798,183 29 

23,808 20 

321,000 00 

3,760 92 

44,581 10 

14,493 95 

2,234 86 



■$1,433,520 97 



Liabilities. 

Losses claimed and reported . 

Less re-insurance 


$2,822 13 
594 76 




Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Dividends to scripholders, unpaid . 
Commissions and brokerage . 
Dividends to policy-holders . 

Gross Liabilities, except Capital 


2,227 37 

100,476 93 

4,056 30 

2,972 12 

25,400 00 


135,132 72 


• • 

• • 

$179,232 
11,612 


84 
57 


Surplus as regards Policy-holders 


$1,298,388 25 
600,000 00 


Surplus over Capital . 

Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums . ' . 

Interest received on mortgages 

Interest and dividends received from all other 

Income from rents and conscience money 

Expenditures. 

Cash paid for fire losses 

Deduct salvage and re-insurance 

Net cash paid for fire losses . . . . 


$698,388 25 

$167,620 27 

64,004 18 

18,789 96 

7,516 10 

$257,930 51 
$36,633 79 


• • • 

sources . 

$36,644 12 
10 33 






* Represented by scrip pledged to meet losses. 

t Total value of property mortgaged 
Amount of insurance held as collateral 


.$2,381,350 00 
. 1,014,870 00 



164 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash dividends paid scripholders 
Cash dividends paid policy-holders . 
Cash paid for commissions and brokerage 

for salaries of officers and employe's 
for State and local taxes . 
for incidental expenses . 



Gross Cash Expenditures .... 

Risks and Premiums. 



861,845 40 

24,669 00 

22,039 15 

29,968 92 

4,193 01 

5,065 30 



$184,414 57 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$204,780 49 
172,732 16 

$377,512 65 
179,022 75 

$198,489 90 
2,471 30 

$25,604,380 94 $196,018 60 



$25,665,204 30 
25,522,439 23 

$51,187,643 53 
25 x 135,462 59 

$26,052,180 94 
447,800 00 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year .... 



82,829,866 22 

668,469 05 

878,227 26 

60,000 00 

35,951 83 



AMERICAN FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated April 30, 1857; commenced business May 1, 1857.] 

Paid-up Capital, $400,000. 

James M. Halsted, President. Secretary, Thomas L. Thornell. 

Office, No. 120 Broadway. 
Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds . . . . . $500,000 00 8526,500 00 
900 shares Harlem Gas Light Company . 



133 " Delaware and Hudson Canal Co. 
Delaware and Hudson Canal Company bonds 
400 shares Rensselaer and Saratoga Railroad 



100 " 

200 " 

40 " 

100 " 



National Bank of Commerce . 
American Exchange Nat'l Bank 
Nat'l Bank, State of New York 
Mercantile Trust Company 



45,000 00 
13,300 00 
50,000 00 
40,000 00 
10,000 00 
20,000 00 
4,000 00 
10,000 00 



22,500 00 
5,054 00 
48,500 00 
40,400 00 
11,700 00 
20,200 00 
4,000 00 
10,000 00 



$692,300 00 $688,854 00 



1878.] 



IftS. COS. OF OTHER STATES. 



165 



Securities held as collateral for cash loans: — 



United States bonds 

40 shares Equitable Life Assurance 

35 

15 
200 

47 
100 

15 



. Pennsylvania Coal Company . 
United States Trust Company 
Pacific Fire Insurance Company 
Harlem Gas Light Company . 
Rensselaer and Saratoga Railroad 
Equitable Life Assurance 
United States bonds .... 
104 shares Bank of State of New York . 
10 u American Exchange Bank 



Market value. 


Loaned thereon. 


$3,285 00 


$3,000 00 


6,000 00 


4,000 00 


2,275 00 


2,000 00 


5,100 00 


3,400 00 


12,000 00 


9,500 00 


' t 11,275 00 


9,000 00 


2,250 00 


1,500 00 


. C 22,360 00 


20,000 00 


$64,545 00 


$52,400 00 



Summary of Assets, Dec. 31, 1878. 
Loans on mortgage of real estate (first liens*), $175,720 00 



Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule. 

Loans on collateral security, as per schedule . 

Cash in the office of the company . 

deposited in Leather Manuf . Nat'l Bank, 

Interest due and accrued .... 

Premiums in course of collection (gross) 

Premiums more than 3 months due . $859 72 

Gross Assets 



2,321 76 

688,854 00 

52,400 00 

2,759 33 
28,731 95 
10,713 34 

8,894 02 



$970,394 40f 



Liabilities 

Losses claimed and reported . 
Unearned premiums on outstanding risks 
Unpaid scrip ordered to be redeemed 
Interest due or accrued on scrip 
Due and accrued for rent 
Commissions and brokerage . 
Return premiums .... 

Gross Liabilities, except Capital and Scrip, 



$3,500 00 
59,104 80 
6,432 00 
3,511 60 
1,666 66 
217 50 
1,413 53 



Surplus as regards Policy-holders 

Paid-up Capital $400,000 00 

Scrip outstanding, not ordered to be redeemed, 301,048 00 

Surplus over Capital and Scrip 



$75,846 09 
$894,548 31 



$701,048 00 
$193,500 31 



* Value of lands mortgaged $150,500 00 

Value of buildings thereon 235,000 00 

Amount of insurance held as collateral .... 191,000 00 

t Including $200,000 special reserve fund, held under New York law. 



166 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 

Cash received for fire premiums . . . $160,062 47 
Deduct re-insurance and return premiums . 36,107 47 

Net cash received for fire premiums . . 

Interest received on mortgages . . .... 

Interest and dividends received from all other sources . 
Income from rents 



8123,955 00 

11,572 66 

41,594 34 

1,125 30 



Gross Cash Income $178,247 30 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid 

Cash paid for redemption of scrip . 

Interest paid scripholders 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for incidental expenses . 



$14,510 03 
1,542 17 



$12,967 86 
56,000 00 
30,985 00 
16,459 80 
3,548 78 
41,493 79 
15,862 11 



Gross Cash Expenditures $177,317 34 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$37,370,093 00 $137,775 12 
45,930,583 00 137,795 55 



$83,300,676 00 $275,570 67 
48,961,831 00 150,121 82 



834,338,845 00 8125,448 85 
1,738,876 00 7,305 04 



832,599,969 00 $118,143 81 



Miscellaneous. 

Premiums received from organization of company. . $3,227,609 00 

Losses paid from organization of company .... 895,263 00 

Cash dividends declared from organization of company . 802,000 00 

Dividends declared during the year (14 per cent) . . . 56,000 00 

Fire losses incurred during the year 14,903 00 

Company's stock owned by directors ..... 140,750 00 



1878.] 



INS. COS. OF OTHER STATES. 



167 



AMERICAN FIRE INSURANCE COMPANY, PHILADELPHIA, 

PENN. 

[Incorporated Feb. 28, 1810. Commenced business Marcb 12, 1810.] 
Paid-up Capital, $400,000. 

Thomas R. Maris, President. Secretary, Albert C. L. Crawford. 

Office, No. 310 Walnut Street. 

Detailed Statement of Stocks, Bonds, Etc. 



100 shares North Pennsylvania R.R. Company, 
100 shares Pennsylvania R.R. Company . 
Pennsylvania R.R. registered bonds, 6s . 
Philadelphia and Reading R.R. coupon bonds 
Harrisburg, P., Mt. Joy, and L. R.R. bonds 
Delaware Railroad Company mortgage bonds 
North Penn. R.R. 1st mortgage bonds, 6s 
North Penn. R.R. 2d mortgage bonds, 7s 
Penn. R.R. reg'd mortgage bonds, general 
Penn. R.R. consolidated mortgage bonds, 6s 
Phila., Wil., and Baltimore R.R. bonds. 
Del. and R. Canal and Camd. and Amb. R.R 

and Transportation Co.'s mortgage bonds 
Elmira and "VVilliamsport R.R. Co. bonds 
Schuylkill Nav. Co. 1st mortgage bonds . 
Chesapeake and Del. Canal Co. mort. bonds 
Lehigh Coal and Navigation Co. bonds . 
Lehigh Coal and Navigation Co. reg'd bonds 
Susquehanna Canal Co. mortgage bond . 
Delaware Division Canal Co. mortgage bond 
Schuylkill Navigation Co. mortgage loan 
Cincinnati city bonds, 7-30s . 
Tennessee state loan, 6s . 
United States registered bonds 
American Steamship Company loan 
Shamokin Val. and P. R.R. 1st mort. bond, 7s, 
Ground rents ....... 



Securities held as collateral for cash loans : — 

Lehigh Coal and Navigation Company loan 
Lehigh Valley Railroad bonds, 7s . 
Missouri state bond .... 

25 shares Nesquehoning Valley Railroad 
196 shares Lehigh Valley Railroad . 
Mortgage additional .... 
Charlestown Mining and Manuf. Co. bonds 
100 shares Pennsylvania Railroad . 



Par value. 

$5,000 00 

5,000 00 
10,000 00 

2,100 00 
10,000 00 

5,000 00 
14,000 00 

4,000 00 
20,000 00 
20,000 00 
10,000 00 

24,000 00 

1,000 00 

12,000 00 

10,000 00 

20,000 00 

20,000 00 

7,000 00 

15,000 00 

1,225 00 

30,000 00 

24,000 00 

330,000 00 

15,000 00 

20,000 00 



Market value. 

$3,675 00 

3,300 00 
10,000 00 

1,050 00 
10,600 00 

5,300 00 
15,260 00 

4,520 00 
22,000 00 
20,000 00 
10,600 00 

26,160 00 

550 00 
9,600 00 
7,000 00 

20,500 00 

20,900 00 

1,750 00 

9,000 00 

551 25 
32,700 00 

7,200 00 

349,675 00 

12,412 50 

19,600 00 

31,824 17 

$655,727 92 



Market value. Loaned thereon. 

$1,810 00 $1,658 66 
3,480 00 j 

1,040 00 C 4,000 00 
1,200 00) 
6,517 00 > 

2,000 00 | 7 ' 00000 

8,800 00 7,000 00 

3,300 00 2,000 00 



168 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



100 shares Philadelphia and Reading Railroad, 
100 " Pennsylvania Railroad . 
200 ■ ' North Pennsylvania Railroad . 
Pittsburg, Cin., and St. L. R.R. mort. bonds 
400 shares Pennsylvania Railroad . 
Personal loan 



$1,200 00) 
sisOOOo} ^ 0000 ° 
7,300 00 ) m ^ M 
1,995 GO} 7 ' 50000 

13,200 00 10,000 00 
1,000 00 

$55,142 00 $44,158 66 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*) , 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (net) . 
Rents due and accrued . 

Gross Assets 

Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies 
Dividends to stockholders, unpaid . 
Due and accrued for rent, salaries, etc. . 
State and local taxes .... 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 



Surplus over Capital 



Income. 
Cash received for fire premiums 

Deduct re-insurance and return premiums 



$135,100 00 

410,439 50 

9,366 30 

655,727 92 

44,158 66 

770 29 

95,518 03 

5,149 86 

8,219 05 

266 36 



$1,145 13 

10,245 00 

1,200 00 

162,278 45 

269,328 10 

1,115 00 

617 22 

2,773 41 



-$1,364,715 97 



8448,702 31 

$916,013 66 
400,000 00 

8516,013 66 



$331,256 06 
30,413 42 



Net cash received for fire premiums 

Interest received on mortgages 

Interest and dividends received from all other sources 

Income from rents and incidentals .... 

Deposits received for perpetual 

fire risks . . . . $3,094 63 

Gross Cash Income ...... 



$300,842 64 

25,058 00 

38,121 62 

4.754 55 



$368,776 81 



* Value of lands mortgaged . 
Value of buildings thereon 
Amount of insurance held as collateral 



$345,175 00 
653,375 00 
339,200 00 



1878.] 



INS. COS. OF OTHER STATES. 



169 



Expenditures. 

Cash paid for fire losses 

Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 



Gross Cash Expenditures .... 
Risks and Premiums. 



$31,812,028 00 
34,435,119 00 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 
Perpetual risks in force . 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year .... 
Company's stock owned by directors . 



,247,147 00 
36,311,107 00 

$29,936,040 00 
187,462 00 

$29,748,578 00 
1,881,423 00 



$117,449 33 

39,740 00 

72 37 

85,305 80 

11,361 95 

4,208 57 

$258,138 02 

Premiums. 

$333,720 12 
316,727 59 

$650,447 71 
349,454 86 

$300,992 85 
1,413 68 

$299,579 17 



16,221,687 93 
4,049,456 26 
2,012,975 50 

40,000 00 
115,232 47 

19,900 00 



AMERICAN CENTRAL INSURANCE COMPANY, ST. LOUIS. 

[Incorporated February, 1853. Commenced business February, 1853.] 

Paid-up Capital, $300,000. 

George T. Cram, President. Secretary, James Newman. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $250,000 00 $293,500 00 

Missouri state bonds 418,000 00 443,080 00 



$668,000 00 $736,580 00 

Summary of Assets, Dec. 31, 1878. 
Stocks, bonds, etc., as per schedule 



Cash in the office of the company 

deposited in Bank of Commerce 
Premiums in course of collection (gross) 
Gross Assets .... 



$736,580 00 

1,392 72 

24,478 41 

39,662 90 



2,114 03 



22 



170 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported 
disputed or resisted 

Total amount of losses . 
Less re-insurance 

Net amount of unpaid losses 
Unearned premiums on outstanding risks 
Dividends to stockholders, unpaid . 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital . . . * . 



Surplus over Capital 



Income 



Cash received for fire premiums . . . $401,849 35 
Deduct re-insurance and return premiums . 63,284 93 

Net cash received for fire premiums . . — $338,564 42 

Interest received on bonds . . . .... 39,050 92 

Interest and dividends received from all other sources . . 944 27 

Gross Cash Income $378,559 61 



,422 31 
10,275 00 
42,000 00 

$70,697 31 
2,444 89 



1,252 42 

188,444 86 

1,165 75 

5,949 43 



$263,812 46 

$538,301 57 
300,000 00 

$238,301 57 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for rent and incidental expenses 

Gross Cash Expenditures 



$200,492 61 
10,431 70 



$190,060 91 
40,904 25 
59,956 20 
31,270 39 
8,412 82 
34,365 96 

$364,970 53 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force . 



$27,785,584 00 
27,549,502 00 

$55,335,086 00 
26,612,808 00 

828,722,278 00 
1,240,166 00 



Premiums. 

S433.514 23 
394,127 55 

$S27,641 78 
432,219 42 

$395,422 36 
20,675 23 



$27,482,112 00 $374,747 13 



1878.] 



INS. COS. OF OTHER STATES. 



1T1 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (13| per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . . . 



$4,495,721 90 

2,793,766 39 

194,537 70 

41,000 00 

189,075 13 

40,250 00 



AMERICAN EXCHANGE FIRE INSURANCE COMPANY, 

NEW YORK. 

[Incorporated Feb. 28, 1859. Commenced business March 1, 1859.] 

Paid-up Capital, $200,000. 

Henry Butler, President. Secretary, William Raynor. 

Office, No. 61 Liberty Street. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 
227 shares American Exchange Bank 
Brooklyn and Newtown Railroad bonds 
Produce Exchange stock . 



Securities held as collateral for cash loans : — 

49 shares New York and New Haven R.R. . 
100 shares "Williamsburg Gas Company . 
New York and Erie Railroad bonds 
Central Park and North River Railroad bonds, 
450 shares Firemen's Trust Ins. Company 
Williamsburg Gas Company scrip . 
494 shares "Westchester Insurance Company . 

52 shares Central National Bank . 



Summary of Assets, Dec. 31, 1878. 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule . 
Cash in the office of the company . 
deposited in various banks 



Par value. 


Market value. 


$184,000 00 $190,977 50 

22,700 00 22,700 00 

10,000 00 8,500 00 

1,000 00 275 00 


$217,700 00 $222,452 50 


Market value. 

$6,860 00' 
6,500 00 
2,000 00 
3,250 00 
4,725 00 
1,000 00 j 
5,582 00 

5,200 oo : 


Loaned thereon. 

* $19,100 00 
- 9,000 00 


$35,117 00 $28,100 00 


31, 1878. 


$20,500 00 

9,300 00 

217 00 


222,452 50 

28,100 00 

158 40 


7,064 74 





* Value of lands mortgaged $8,000 00 

Value of buildings thereon 13,000 00 

Amount of insurance held as collateral . . . . 10,000 00 



172 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Interest due and accrued .... 
Premiums in course of collection (gross) . 
Premiums more than 3 months due, $671 19 
Gross Assets 

Liabilities. 
Losses claimed and reported .... 

Unearned premiums on outstanding risks 

Dividends to stockholders, unpaid . 

Due and accrued for rent, salaries, etc. . 

State and local taxes 

Commissions and brokerage .... 

Gross Liabilities, except Capital 



$1,412 00 




3,646 48 






$292,851 12 




$2,000 00 




18,664 30 




895 00 




458 33 




1,000 00 




582 47 





23,600 10 



Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 

Income. 

Cash received for fire premiums . . . $42,547 85 
Deduct re-insurance and return premiums . 7,260 30 

Net cash received for fire premiums . . 

Cash received for marine and inland premiums 

Interest received on mortgages . . .... 

Interest and dividends received from all other sources . 



$269,251 02 
200,000 00 

$69,251 02 



$35,287 55 

2,878 50 

733 03 

14,439 78 



Gross Cash Income $53,338 86 



Expenditures. 
Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses . 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidental expenses . 

Gross Cash Expenditures . 

Risks and Premiums. 



$3,568 22 
143 78 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$10,719,187 00 
10,820,963 00 

$21,540,150 00 
11,105,806 00 

$10,434,344 00 
264,450 00 



$3,424 44 

343 42 

19,937 50 

3,077 07 

15,670 00 

474 67 

6,875 21 

$49,802 31 

Premiums. 

$38,157 47 
43,159 16 

$81,316 63 
46,201 13 

$35,115 50 
1,141 66 



$10,169,894 00 $33,973 84 



1878.] 



INS. COS. OF OTHER STATES. 



173 



Marine risks outstanding Dec. 31, 1877 . 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year 



$75,000 00 $1,995 50 
98,250 00 2,878 50 



$173,250 00 
75,000 00 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (10 per cent) . 

Fire losses incurred during the year . 

Marine and inland losses incurred during the year 

Company's stock owned by directors . 



K,874 00 
1,995 50 



$98,250 00 $2,878 50 



,299,976 19 

507,907 59 

265,000 00 

20,000 00 

5,203 46 

343 42 

62,500 00 



AMITY INSURANCE COMPANY, NEW YORK. 

[Incorporated June 19, 1873. Commenced business June 19, 1873.] 

Paid-up Capital, $200,000. 

Edward Merritt, President. Secretary, Nathan Harper. 

Office, No. 155 Broadway. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds . . . . $193,000 00 $202,800 00 

Market National Bank stock .... 2,500 00 2,875 00 



Securities held as collateral for cash loans : 
Produce Exchange certificate . 



$195,500 00 $205,675 00 

Market value. Loaned thereon. 

$600 00 $450 00 



Summary of Assets, Dec. 31, 1878. 

Cash value of unencumbered real estate . . $4,500 00 

Loans on mortgage of real estate (first liens*), 8,000 00 

Interest due or accrued thereon . . . 298 66 

Stocks, bonds, etc., as per schedule . . 205,675 00 

Loans on collateral security, as per schedule . 450 00 

Cash in the office of the company . . . 1,084 67 

deposited in various banks . . . 1,935 14 

Interest due and accrued .... 2,231 04 

Premiums in course of collection (gross) . 7,408 44 

Notes taken for marine and inland risks . . 600 00 

Gross Assets 



$232,182 95 



* Value of lands mortgaged . 
Value of buildings thereon . 
Amount of insurance held as collateral 



$4,500 00 
12,000 00 
12,000 00 



174 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



* Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Due for borrowed money 
State and local taxes 
Commissions and brokerage . 

Rent 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 



$1,257 75 

1,600 00 

1,561 18 

20,150 31 

5,000 00 

384 32 

780 10 

250 00 



Income 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Cash received for marine and inland premiums 

Unpaid premium notes received 

during the year .... $600 00 

Interest received on mortgages .... 

Interest and dividends received from all other sources 
Income from rents ....... 

Income from sale of lease 



$67,700 60 
7,573 08 



830,983 66 



8201,199 29 
200,000 00 

$1,199 29 



860,127 52 


4,198 


56 


280 00 


10,795 07 


291 


32 


7,500 


00 



Gross Cash Income $83,192 47 



Expenditures. 
Cash paid for fire losses ..... 
for marine and inland losses . 
for commissions and brokerage 
for salaries of officers and employes 
for State and local taxes . 
for rents and incidentals . 



Gross Cash Expenditures 



$44,487 41 
1.742 85 
10,243 15 
9,248 00 
1,088 97 
8,060 69 

174,871 07 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$5,510,998 00 $48,289 40 
6,269,254 00 64,107 37 



$11,780,252 00 $112,396 77 
7,495,833 00 76,445 33 



$4,284,419 00 $35,951 44 
164,983 00 614 59 



$4,119,436 00 $35,336 85 



1878.] 



INS. COS. OF OTHER STATES. 



175 



Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year 



$56,500 00 
172,375 00 

$228,875 00 
109,375 00 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Fire losses incurred during the year . 

Marine and inland losses incurred during the year . 

Company's stock owned by directors . 



$2,214 00 
5,198 56 

$7,412 56 
3,538 05 



$119,500 00 $3,874 51 



$371,413 00 

154,964 00 

55,000 00 

45,905 15 

1,742 85 

86,900 00 



ATLANTIC INSURANCE COMPANY, BROOKLYN, N.Y. 

[Incorporated Dec. 31, 1871. Commenced business Jan. 2, 1872.] 

Paid-up Capital, $200,000. 

John D. Cocks, President. Secretary, William D. Cornell. 

Office, No. 178 Broadway, New York. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

. $205,000 00 $211,137 50 
19,000 00 2,400 00 
10,000 00 11,750 00 



United States bonds 
South Carolina state bonds 
Richmond (Va.) city bonds 



$234,000 00 $225,287 50 



Securities held as collateral for cash loans : — 



Atlantic Dock Company stock 
Atlantic Avenue Railroad mortgage bonds 
First National Bank, Brooklyn, stock 
Tradesmen's Fire Insurance Company stock 
Manhattan Fire Insurance Company stock 
American Fire Insurance Company stock 
New York Produce Exchange Ins. Co. stock 
Metropolitan Plate Glass Insurance Co. stock 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens*), $86,500 00 
Interest due or accrued thereon . . . • 1,055 01 



Market value. Loaned thereon . 



. $17,050 00 


$10,000 00 


3,000 00 


2,000 00 


10,000 00 


5,000 00 


1,360 00 


1,000 00 


560 00 


350 00 


1,350 00) 




500 00 [ 


2,000 00 


1,050 00) 




$34,870 00 


$20,350 00 



* Value of lands mortgaged $97,500 00 

Value of buildings thereon 138,500 00 

Amount of insurance held as collateral . . . 94,500 00 



176 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in Nassau National Bank 
Interest due and accrued 
Premiums in course of collection (gross) 

Gross Assets 

Deduct special deposits in other States . 



Balance 



$225,287 50 
20,350 00 
13,488 53 

32.880 21 
147 87 

16.881 09 



$396,590 21 
11,750 00 

$384,840 21 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 
Deduct Liabilities on special deposits 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 



$28,827 37 
13,310 96 

7,776 77 
106,961 31 

2,168 62 

8159,045 03 
11,750 00 



8147,295 03 

$237,545 18 
200,000 00 

$37,545 18 



Income. 
Cash received for fire premiums . . . $334,274 65 
Deduct re-insurance and return premiums . 54,296 52 

Net cash # received for fire premiums . . 

Interest received on mortgages 

Interest and dividends received from all other sources . 



$279,978 13 

6,071 23 

13,538 60 



Gross Cash Income $299,587 96 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash dividends paid . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes 
for rent and incidentals . 

Gross Cash Expenditures . 



$218,461 18 
2,366 73 



$216,094 45 
20,000 00 
42,781 73 
23,919 24 
8,623 42 
23,514 64 

$334,933 48 



1878.] 



INS. COS. OF OTHER STATES. 



177 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Risks and Premiums. 

Premiums. 

$23,612,585 00 $190,183 23 
32,025,825 00 343,516 15 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$55,638,410 00 $533,699 38 
33,711,502 00 322,536 40 



$21,926,908 00 $211,162 98 
209,832 00 1,681 53 



$21,717,076 00 $209,481 45 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



$2,340,244 40 

1,269,403 46 

120,000 00 

20,000 00 

244,267 54 

56,350 00 



ATLANTIC FIRE AND MARINE INSURANCE COMPANY, 

PROVIDENCE, R.I. 

[Incorporated May, 1852. Commenced business June, 1852.] 

Paid-up Capital, $200,000. 

J. S. Parish, President. Secretary, T. W. Hayward, Jr. 



Detailed Statement of Stocks, 

200 shares National Bank of Commerce, Prov. 

120 

113 

200 

200 

169 

11 

10 
104 



Northern Bank, Providence . 
Weybosset Nat'l Bank, Providence, 
First National Bank, Providence . 
Merchants' Nat'l Bank, Providence, 
Fourth National Bank, Providence, 
American Exch. Nat'l Bank, N.Y. 
R. I. Safe Deposit Company, Prov. 
Michigan Central Railroad 



Bonds, Etc. 

Par value. 

$10,000 00 

12,000 00 

5,650 00 

20,000 00 

10,000 00 

16,900 00 

1,100 00 

1,000 00 

10,400 00 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate . 
Stock, bonds, etc., as per schedule . 
Cash in the office of the company . 

deposited in Fourth National Bank 

Premiums in course of collection (gross) 

Rents due and accrued .... 

Premiums more than 3 months due, $843 89 

Gross Assets ..,,,, 

OQ 



$152,280 26 

85,351 00 

534 22 

4,246 47 

7,141 93 

4,468 58 



Market value. 

$9,400 00 

10,800 00 

6,328 00 

18,000 00 

11,400 00 

19,773 00 

1,100 00 

750 00 

7,800 00 



$87,050 00 $85,351 00 



$254,022 4 



178 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 
Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Dividends to stockholders, unpaid . 
Due and accrued for rent, salaries, etc. 
Due for borrowed money, with interest 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 



Income 
Cash received for fire premiums . . . $47,260 89 

Deduct re-insurance and return premiums . 9,317 07 

Net cash received for fire premiums 

Cash received for marine and inland premiums, §7,098 85 

Deduct re-insurance and return premiums . 3,472 27 

Net cash received for marine and inland prems 

Interest and dividends received from all sources 

Income from rents .... 



Gross Cash Income 



Expenditures. 
Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Xet cash paid for fire losses 

Cash paid for marine and inland losses . 

Deduct salvage and re-insurance 

Xet cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries and incidentals 

for State and local taxes 

for expense on real estate 

Gross Cash Expenditures 

Risks and Premiums. 



$625 00 

3,362 75 

13,490 00 

25,423 34 

106 50 

115 55 

3,391 17 

1,625 33 



$26,786 93 
1,390 87 

§6,017 15 
2.219 96 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Xet amount in force 



§5,227,646 86 
4,156,074 96 

$9,383,721 82 
5,566,463 58 

$3,817,258 24 
51,580 25 



$48,139 64 

$205,882 82 
200,000 00 

$5,882 82 



$37,943 82 



3,626 58 
4,435 54 
9,499 07 

$55,505 01 



.396 06 



3,797 19 

45 00 

7.275 90 

11,837 32 

2,494 10 
4.111 67 

$54,957 24 

Premiums. 

$72,156 07 
47.260 89 

$119,416 96 
68,515 43 

$50,901 53 
531 67 



83,765,677 99 $50,369 86 



1878.] 



INS. COS. OF OTHER STATES. 



179 



Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year 



$68,160 00 
777,863 00 

$846,023 00 
830,823 00 

$15,200 00 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Fire losses incurred during the year . 
Marine and inland losses incurred during the year 
Company's stock owned by directors . 



$889 70 
7,098 85 

^7,988 55 
7,928 23 

$60 32 



$2,960,829 26 

2,279,071 58 

323,000 00 

20,773 20 

2,827 15 

52,777 00 



ATLANTIC MUTUAL INSURANCE COMPANY, NEW YORK. 

[Incorporated April 11, 1842. Commenced business April 11, 1842.] 

John D. Jones, President. Secretary, Jos. H. Chapman. 

Office, No. 51 Wall Street. 



Detailed Statement of 

American Exchange Bank stock 

Bank of America stock . 

Bank of Commerce stock 

Bank of New York stock 

Leather Manufacturers' Bank stock 

Merchants' Bank stock . 

Mechanics' Bank stock . 

Manhattan Company stock 

Market Bank stock . 

Metropolitan Bank stock 

Phenix Bank stock . 

Union Bank stock . 

New York State bonds . 

Illinois State bonds 

New York Central Railroad bonds 

Delaware and Hudson Canal Co. bonds 

New York county and city bonds 

Brooklyn city bonds 

Kings County bonds 

Jersey City bonds . 

United States bonds 

District of Columbia bonds 



Stocks, Bonds, Etc 

Par value. 

$40,000 00 

' 90,000 00 

20,000 00 

43,000 00 

15,600 00 

65,150 00 

45,900 00 

8,550 00 

25,000 00 

33,700 00 

24,440 00 

32,000 00 

45,000 00 

4,000 00 

39,000 00 

50,000 00 

650,600 00 

122,000 00 

29,000 00 

100,000 00 

9,715,000 00 g 

250,000 00 



Market value.* 

$36,000 00 

90,000 00 

20,000 00 

43,000 00 

15,600 00 

65,150 00 

45,900 00 

8,550 00 

22,500 00 

33,700 00 

17,108 00 

32,000 00 

45,000 00 

3,600 00 

33,150 00 

45,000 00 

605,600 00 

109,800 00 

26,100 00 

90,000 00 

,549,000 00 

150,000 00 



$11,447,940 00 $10,086,758 00 



* Estimated for purpose of permanent; investment. 



180 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Securities held as collateral for cash loans : — 



Importers' and Traders' Bank stock 
Del., Lacka., and West. R.R. stock 
Howard Fire Insurance Co. stock . 
Niagara Fire Insurance Co. stock . 
Grand River Valley R.R. bonds 
Terre Haute and Ind. R.R. 1st mort. bonds 
Queen's County bonds . 
New York, Prov., and Boston R.R. stock 
Manhattan Gas Light Company stock 
Metropolitan Gas Light Company stock 
Brooklyn Gas Light Company stock 
Manhattan Company (Bank) stock . 
Boston city bonds .... 
St. Louis city bonds 
San Francisco city bonds 
Chicago, Bur., and Q. R.R. bonds, 8s 
Pittsb'g, Ft. Wayne, and Ind. R.R. b'ds 
Chicago, R. L, and P. R.R. bonds . 
Central Pacific of Cal. R.R. bonds . 
United States bonds 



1 



J 



Market value. Loaned thereon. 

$18,000 00 $10,000 00 



19,000 00 16,000 00 



7,000 001 

3,500 00 

12,000 00 

38,000 00 y 

15,000 00 

9,000 00 

2,000 00J 

42,000 00 

40,000 00 

5,000 00 

37,000 00 V 

70,000 00 

150,000 00 

10,000 00 J 

97,000 00 



69,000 00 



320,000 00 



89,200 00 



$574,500 00 $504,200 00 



Summary of Assets, Dec. 31, 1878. 

Cash value of unencumbered real estate . 8250,000 00 

Stocks, bonds, etc., as per schedule . 10,086,758 00 
Loans on collateral security, as per 

schedule 504,200 00 

Cash deposited in various banks . . . 581,210 92 

Notes taken for marine and inland risks . 1,529,259 74 

Re-insurance due from other companies . 369,034 50 

Gross Assets 

Liabilities. 

Losses adjusted, unpaid .... $108,514 08 

claimed and reported . . . 1,486,494 23 

disputed or resisted . . . 327,000 00 

Unearned premiums on outstanding risks, 1,671,981 91 

Unpaid scrip ordered to be redeemed . 194,000 00 

Return premiums 166,190 46 

Miscellaneous 49,023 86 

Gross Liabilities, except Scrip . 

Surplus as regards Policy-holders 
Scrip outstanding .... 



613,320,463 16 






Surplus over Scrip 



4,003,204 54 

$9,317,258 62 
7.756,700 00 

$1,560,558 62 



1878.] INS. COS. OF OTHER STATES. 181 

Income. 

Cash rec'd for marine and inland prems. $4,250,329 78 
Deduct re-insurance and return premiums, 512,636 30 

Net cash rec'd for marine and inl'd prems. $3,737,693 48 

Unpaid premium notes re- 
ceived during the year, $1,779,259 74 • 
Interest and dividends received from all sources . . 642,516 08 
Income from rents and other sources .... 54,857 68 



Gross Cash Income $4,435,067 24 

Expenditures. 

Cash paid for marine and inland losses .... $2,012,784 45 

for redemption of scrip ..... 2,116,260 00 

Interest paid scripholders ...... 489,599 60 

Cash paid for commissions and brokerage . . . 24,560 31 

for salaries of officers and employes . . 352,855 22 

for State and local taxes 25,299 49 

for incidentals 68,940 04 



Gross Cash Expenditures $5,090,299 11 

Risks and Premiums. 

Premiums. 

Marine risks outstanding Dec. 31, 1877 . $78,055,513 00 $1,848,697 36 
written during 1878 . . 256,747,055 00 4,009,309 47 



Total $334,802,568 00 $5,858,006 83 

Deduct risks expired and terminated . 257,054,271 00 4,186,024 92 



In force at end of year . . . $77,748,297 00 $1,671,981 91 

Miscellaneous. 

Scrip dividends declared during the year . . . $1,729,050 00 

Marine and inland losses incurred during the year . . 2,148,613 00 



BUFFALO INSURANCE COMPANY, BUFFALO, N.Y. 

[Incorporated July 15, 1874. Commenced business July 17, 1874.] 

Paid-up Capital, $200,000. 

Pascal P. Pratt, President. Secretary, Edward B. Smith. 

Office, No. 44 Main Street. 



Summary of Assets, Dec 
United States bonds 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued . 
Premiums in course of collection (net) 
Notes taken for marine and inland risks 
Treasury warrants .... 
Ledger accounts .... 
Gross Assets .... 



31, 1878. 

$214,000 00 

1,054 06 

63,180 05 

1,666 67 

7,082 08 

6,984 95 

775 60 

1,274 39 

$296,017 80 



182 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported 

Total amount of losses 
Less re-insurance . 

Net amount of unpaid losses 
Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 

Income 
Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Cash received for marine and inland premiums 

Deduct re-insurance and return premiums 

Net cash received for marine and inl'd prems 

Unpaid premium notes received 

during the year . . . $14,072 53 

Interest and dividends received from all sources 

Income from profit and loss 



$9,150 40 
5,076 50 

$14,226 90 
2,666 00 

$11,560 90 
39,820 85 



,140 23 
13,207 35 

$128,855 53 
60,537 61 



Gross Cash Income .... 

Expenditures. 
Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses . 

Deduct salvage and re-insurance . . . 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 



$67,889 78 
238 46 

$62,168 43 
23,969 06 



Gross Cash Expenditures . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$7,884,402 00 
8,805,805 00 

$16,690,207 00 
9,141,156 00 

$7,549,051 00 
344,773 00 



$51,381 75 

$244,636 05 
200,000 00 

$44,636 05 



$66,932 88 
68,317 92 



12,706 98 
50 41 

$148,008 19 



$67,651 32 



$38,199 37 

10,000 00 

26,612 32 

5,000 00 

3,688 66 

5,394 30 

$156,545 97 

Premiums. 

$86,005 28 
80,787 10 

8166,792 38 
90,958 92 

875,S33 46 
2,571 05 



$7,204,278 00 $73,262 41 



1878.] 



INS. COS. OF OTHER STATES. 



183 



Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



8148,671 00 
22,668,166 00 



$7,234 94 
125,266 57 



$22,816,837 00 $132,501 51 
22,651,239 00 124,658 97 



$165,598 00 
44,943 00 



$7,842 54 
1,853 33 



$120,655 00 $5,989 21 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (5 per cent) 

Fire losses incurred during the year . 

Marine and inland losses incurred during the year . 

Company's stock owned by directors . 



$746,202 00 
405,207 04 
70,000 00 
10,000 00 
64,932 07 
29,845 33 
128,000 00 



BUFFALO GERMAN INSURANCE COMPANY, BUFFALO, N.Y. 

[Incorporated Feb. 15, 1867. Commenced business Feb. 16, 1867.] 

Paid-up Capital, $200,000. 

Philip Becker, President. Secretary, Oliver J. Eggert. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds .... 
Lake Shore and Mich. Southern R.R. bonds 
Citizens' Gas Company bonds 
iEtna Insurance Company (N. Y.) stock 
Citv warrants . . . 



Par value. Market value. 

$285,000 00 $302,660 00 

25,000 00 25,000 00 

10,000 00 10,000 00 

10,000 00 10,000 00 

763 95 763 95 



Securities held as collateral for cash loans : — 



50 shares Third National Bank 

6 shares German National Bank . 
Citizens' Gas Company's mortgage bonds 
23 shares Buffalo, N. Y., and Phila. R. R. 
1 share German National Bank 



$330,763 95 $348,423 95 

Market value. Loaned thereon. 

$5,000 00 > A 
6,000 00 \ ® 10 ' 000 00 
5,300 00 ) 

1,650 00} 4 ' 00000 
1,000 00 300 00 



,950 00 $14,300 00 



Summary of Assets, Dec. 31, 1878. 

Cash value of unencumbered real estate . . $275,000 00 
Loans on mortgage of real estate (first liens*), 35,200 00 

* Value of lands mortgaged $56,995 00 

Value of buildings thereon 44,725 00 

Amount of insurance held as collateral . . . 38,450 00 



184 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued .... 
Premiums in course of collection (gross) 
Notes taken for fire risks 
Rents due and accrued .... 
Gross Assets 

Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



18 50 

348,423 95 

14,300 00 

3,216 59 

47,721 41 

291 66 

27,470 93 

2,004 39 

474 50 



8754,406 93< 



Surplus over Capital 



84,356 16 

9,360 00 

2,455 00 

114,121 76 

4,088 40 



8134,381 32 

8620,025 61 
200,000 00 

$420,025 61 



Income 

Cash received for fire premiums . . . $229,366 38 
Deduct re-insurance and return premiums . 20,391 92 

Net cash received for fire premiums . . 8208,974 46 

Unpaid premium notes received 

during the year .... 82,004 39 

Interest received on mortgages 2,458 93 

Interest and dividends received from all other sources . . 18,557 41 
Income from rents and brokerage . . .... 13,486 34 

Gross Cash Income 8243.477 14 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes 
for expense on real estate 
for incidental expenses . 

Gross Cash Expenditures 



890,782 71 
1,164 04 



889,618 67 

30,000 00 

37,065 58 

13,096 53 

3,627 71 

8,408 00 

9,803 27 

8191,619 76 



* Including $172,280 special reserve fund, held under New York law. 



1878.] 



INS. COS. OF OTHER STATES. 



185 



Risks and Premiums. 



Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$22,298,684 00 $212,627 68 
25,432,624 00 228,367 86 



$47,731,308 00 $440,995 54 
22,666,813 00 219,503 74 



>5,064,495 00 $221,491 80 
311,151 00 2,954 03 



$24,753,344 00 $218,537 77 



Miscellaneous . 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (15 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



$1,732,234 00 

691,629 95 

255,925 00 

30,000 00 

93,078 15 

64,500 00 



CITIZENS' INSURANCE COMPANY, NEW YORK. 

[Incorporated April, 1836. Commenced business April, 1837.] 

Paid-up Capital, $300,000. 

James M. McLean, President. Secretary, Edward A. Walton. 

Office, No. 156 Broadway. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $375,000 00 $401,875 00 

Virginia state bonds 10,000 00 925 00 

Lake Shore and Michigan So. Railroad bonds, 50,000 00 56,250 00 

Union Trust Company stock .... 10,000 00 12,000 00 

National Citizens' Bank stock .... 24,500 00 24,500 00 



$469,500 00 $495,550 00 



Securities held as collateral for cash loans: — 

Market value. 

Manhattan Life Insurance Company stock . $3,500 00 

National Citizens' Bank stock . . . 1,250 00 

National Butchers' and Drovers' Bank stock . 1,050 00 

Lake Shore and Michigan So. Railroad bonds, 22,500 00 

Third Avenue Railroad bond .... 1,000 00 

Third Avenue Railroad stock .... 2,125 00 

New York Central Railroad debt certificate . 4,400 00 

Troy and Boston Railroad bonds . . . 29,000 00 

N. Y., N. H., and H. R. R.R. stock . . 48,000 00 

United States bonds 5,350 00 

Western Union Telegraph stock . . . 19,000 00 



Loaned thereon. 

$1,500 00 
1,000 00 

- 19,900 00 

■ 2,300 00 

3,250 00 
21,000 00 
20,000 00 

4,000 00 
15,000 00 



24 



$137,175 00 $87,950 00 



186 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets, Dec 

Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*) 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in National Citizens' Bank 
Interest due and accrued 
Premiums in course of collection (gross) 
Rents due and accrued .... 
Premiums more than 3 months due, $1,194 47 
Gross Assets 



31, 1878. 

$116,500 00 

182,500 00 

3,254 92 

495,550 00 

87,950 00 

13,733 62 

26,666 56 

1,588 60 

15,200 85 

701 00 



Liabilities. 
Losses claimed and reported .... $13,650 00 

Unearned premiums on outstanding risks . 121,231 77 

Dividends to stockholders, unpaid . . . 264 40 

Due and accrued for rent, salaries, etc. . . 1,478 98 

State and local taxes 1,000 00 

Commissions and brokerage .... 1,851 46 

Return premiums 400 00 

Gross Liabilities, except Capital and Scrip, 

Surplus as regards Policy-holders 

Paid-up Capital $300,000 00 

Scrip outstanding, issued to stockholders . 150,000 00 

Surplus over Capital and Scrip 

Income. 
Cash received for fire premiums . . . $219,954 02 
Deduct re-insurance and return premiums . 20,871 44 

Net cash received for fire premiums . . 

Interest received on mortgages 

Interest and dividends received from all other sources 

Income from rents and incidentals . 



Gross Cash Income 



$943,645 55 



139,876 61 
$803,768 94 



450,000 00 
$353,768 94 



8199,082 58 

10,708 21 

33,685 19 

9,008 66 

$252,484 64 



Expenditures. 

Cash paid for fire losses $58,515 43 

Deduct salvage and re-insurance . . . 4,738 78 

Net cash paid for fire losses .... $53,776 65 

Cash dividends paid 70,536 40 

Cash paid for commissions and brokerage .... 20,556 28 

* Value of lands mortgaged $320,500 00 

Value of buildings thereon 221,500 00 

Amount of insurance held as collateral .... 121,350 00 



1878.] 



INS. COS. OF OTHER STATES. 



187 



Cash paid for salaries of officers and employes 
for State and local taxes, 
incidental expenses 

Gross Cash Expenditures .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 



Net amount in force 



$43,802,422 77 
46,254,230 92 

$90,056,653 69 
46,378,825 35 

$43,677,828 34 
. 1,020,782 04 



$52,678 20 

3,983 99 

17,418 01 

$218,949 53 



Premiums. 

$248,923 71 
229,024 71 

$477,948 42 
232,350 58 

$245,597 84 
6,531 17 



$42,657,046 30 $239,066 67 



Miscellaneous. 



Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year 

Fire losses incurred during the year .... 
Company's stock owned by directors 



$5,567,781 55 

2,619,285 52 

1,367,550 00 

70,500 00 

60,002 99 

69,760 00 



CITIZENS' INSURANCE COMPANY, ST. LOUIS, MO. 

[Incorporated Feb. 2, 1837. Commenced business February, 1837.] 

Paid-up Capital, $200,000. 

E. O. Stanard, President. Secretary, John P. Harrison. 

Detailed Statement of Stocks, Bonds, Etc. 



Missouri state bonds .... 
North Missouri Railroad 1st mortgage bonds 
St. Louis Grain Elevator bonds 
St. Louis Chamber of Commerce bonds . 
128 shares Yaeger Milling Company 
20 shares Second National Bank . 



Par value. Market value. 

$160,000 00 $170,400 00 
100,000 00 108,000 00 



30,000 00 

22,000 00 

12,800 00 

2,000 00 



31,050 00 

22,660 00 

15,180 00 

1,000 00 



$326,800 00 $348,290 00 



Summary of Assets, Dec. 31, 1878. 
Cash value of unencumbered real estate . . $19,000 00 
Loans on mortgage of real estate (first liens*), 16,200 00 



* Value of lands mortgaged $16,000 00 

Value of buildings thereon 15,000 00 

Amount of insurance held as collateral . . . 11,500 00 



188 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Stocks, bonds, etc., as per schedule, 
Cash in the office of the company . 

deposited in Commercial National Bank 
Premiums in course of collection (net) 

Gross Assets 

Liabilities. 
Losses adjusted, unpaid .... 
claimed and reported . 
disputed or resisted 
Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 



Surplus over Capital 



$348,290 00 

1,062 93 

20,217 56 

13,413 33 



$3,910 00 
5,406 00 
3,200 00 

48,781 20 



$418,183 82 



$61,297 20 



$356,886 62 
200,000 00 

$156,886 62 



Income. 

Cash received for fire premiums . . . $98,406 68 

Deduct re-insurance and return premiums . 3,390 26 

Net cash received for fire premiums . . 

Cash received for marine and inland premiums, $6,349 40 

Deduct re-insurance and return premiums . 536 93 

Net cash received for marine and inl'd prems. 

Interest and dividends received from all sources, 



)5,016 42 



5,812 47 

24,771 95 

Gross Cash Income $125,600 84 



Expenditures. 
Cash paid for fire losses .... 

for marine and inland losses . 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidental expenses . 

Gross Cash Expenditures 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$8,151,444 00 
8,117,242 00 

$16,268,686 00 
9,155,195 00 

$7,113,491 00 
40,752 00 



$61,604 53 

608 26 

20,000 00 

19,082 41 

8,600 00 

6,087 37 

8,464 87 

$124,447 44 



Premiums. 

$123,501 92 
98,406 68 

1221,908 60 

123,256 07 

$97,652 53 
501 00 



$7,072,739 00 $97,151 53 



1878.] 



INS. COS. OF OTHER STATES. 



189 



Marine risks outstanding Dec. 31, 1877 . . $9,400 00 


$90 00 


written during 1878 . . . 987,852 


00 


6,349 40 


Total $997,252 00 


$6,439 40 


Deduct risks expired and terminated . . 983,252 


00 


6,239 40 


In force at end of year .... $14,000 00 


8200 00 


Miscellaneous. 






Losses paid from organization of company 


$2,447,967 00 


Cash dividends declared from organization of company 


. 


605,798 00 


Dividends declared during the year (10 per cent) . 


. 


20,000 00 


Fire losses incurred during the year .... 


. 


52,074 00 


Marine and inland losses incurred during the year . 


. 


608 00 


Company's stock owned by directors .... 


' 


124,800 00 



CITY FIRE INSURANCE COMPANY OF THE CITY OF NEW 

YORK, NEW YORK. 

[Incorporated April 26, 1833. Commenced business June 6, 1833.] 

Paid-up Capital, $210,000. 

Samuel Townsend, President. Secretary, David J. Blauveltv 

Office, No. Ill Broadway. 

Detailed Statement of Stocks, Bonds, Etc 

Par value. Market value. 

1700 shares Tradesmen's National Bank . . $68,000 00 $71,740 00 

200 shares N. Y. Cent'l and Hudson R. R.R. 20,000 00 22,800 00 

United States bonds 120,000 00 127,400 00 



$208,000 00 $221,940 00 



Summary of Assets, Dec. 31, 1878. 

Cash value of unencumbered real estate . . $18,213 01 

Loans on mortgage of real estate (first liens*), 163,100 00 

Interest due or accrued thereon . . . 4,764 58 

Stocks, bonds, etc., as per schedule . . 221,940 00 

Cash in the office of the company . . . 318 35 

deposited in various banks . . . 5,832 20 

Interest due and accrued .... 1,600 00 

Premiums in course of collection (gross) . . 1,797 80 
Premiums more than 3 months due . $72 12 

Gross Assets ...... 



$417,565 94 



* Value of lands mortgaged $159,700 00 

Value of buildings thereon ...... 156,300 00 

Amount of insurance held as collateral . . 150,850 00 



190 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 
Losses adjusted, unpaid .... 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. . 
State and local taxes .... 
Commissions and brokerage . 
Return premiums ..... 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 



Surplus over Capital 



$374 00 

22,945 62 

1,091 66 

4,659 35 

112 25 

2 66 



- $29,185 54 

. $388,380 40 
. 210,000 00 



Income. 

Cash received for fire premiums . . . $42,160 13 

Deduct re-insurance and return premiums . 1,558 83 

Net cash received for fire premiums . . 

Interest received on mortgages . . .... 

Interest and dividends received from all other sources . 

Income from rents and incidentals . . .... 

Gross Cash Income ........ 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid . s 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 



$7,248 86 
690 76 



. $178,380 40 



$40,601 30 

13,014 17 

11,241 56 

321 50 

§65,178 53 



$6,558 10 
22,500 00 

3,526 74 

14,142 28 

438 91 

8,836 69 

$56,002 72 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Risks and Premiums. 

Premiums. 

$11,635,153 64 $48,264 79 
12,096,916 75 42,224 20 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$23,732,070 39 $90,488 99 
12,684,928 47 45,945 54 



$11,047,141 92 $44,543 45 
130,750 00 531 99 



$10,916,391 92 $44,011 46 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 



$2,787,316 55 
. 1.278.525 11 



1878.] 



INS. COS. OF OTHER STATES. 



191 



Cash dividends declared from organization of company, $1,576,800 00 

Dividends declared during the year 22,500 00 

Fire losses incurred during the year 1,590 76 

Company's stock owned by directors 44,870 00 



CLINTON FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated July, 1850. Commenced business July 11, 1850.] 

Paid-up Capital, $250,000. 

James B. Ames, President. Secretary, G. T. Patterson, Jr. 

Office, No. 156 Broadway. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. 

$276,000 00 
30,000 00 

2,000 00 
30,000 00 

9,000 00 
10,000 00 

2,850 00 



United States bonds .... 
Delaware and Hudson Canal Company bonds 
New Jersey Central Railroad bonds 
300 shares N. Y. Central and Hud. River R.R 

90 " New Jersey Central Railroad . 
100 " American Exchange Nat'l Bank 

57 " Merchants' National Bank 



Market value. 

$297,090 00 

29,500 00 

1,675 00 

34,200 00 

3,060 00 

10,100 00 

3,135 00 



$359,850 00 $378,760 00 



Securities held as collateral for cash loans : — 



20 shares Relief Fire Insurance Company 
20 " Safeguard Fire Insurance Company 
100 " Mechanics' National Bank 

Summary of Assets, Dec 

Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*) 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in American Exch. Nat'l Bank 
Interest due and accrued .... 
Premiums in course of collection (gross) . 
Gross Assets 

Liabilities. 

Losses adjusted, unpaid .... 
Unearned premiums on outstanding risks 
State and local taxes .... 



Market value. 


Loaned thereon. 


$950 00) 




2,500 00 [ 


- $5,000 00 


3,000 00) 




. 31, 1878. 




. $22,500 00 




35,400 00 




$206 50 




. 378,760 00 




5,000 00 




696 80 




c, 801 20 




25 83 




8,932 95 






$452,323 28 




$6,294 00 




42,897 51 




422 00 





* Value of lands mortgaged $55,000 00 

Value of buildings thereon 38,000 00 

Amount of insurance held as collateral , , . 33,600 0U 



192 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Commissions and brokerage . 
Return premiums .... 
Rent and re-insurance 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 

Income 
Cash received for fire premiums 
Deduct re-insurance and return premium 
Net cash received for fire premiums 
Interest received on mortgages 
Interest and dividends received from all 
Income from premium on gold 

Gross Cash Income . 



$987 93 

131 19 

1,572 23 



2,304 86 

$400,018 42 
250,000 00 



$150,018 42 



$102,014 92 
8,938 79 



other sources 



Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for rent and incidentals . 

Gross Cash Expenditures . 

Risks and Premiums. 



$93,076 13 

3,625 41 

20,532 06 

55 68 

$117,289 28 



$43,288 78 
2,964 92 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$16,379,022 
19,003,922 



840,323 86 
30,000 00 
12,305 07 
20,933 10 
1,832 60 
11,884 37 

$117,279 00 



Premiums. 

00 $87,197 42 
00 105,250 92 



$35,382,944 
17,003,258 



00 $192,448 34 
00 104,256 86 



$18,379,686 
682,952 



00 £88,191 48 
00 4.290 00 



$17,696,734 00 $83,901 48 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year 

Fire losses incurred during the year 

Company's stock owned by directors 



$2,335,644 54 

895,022 30 

907,500 00 

30,000 00 

30,956 50 

83,300 00 



1878.] 



INS. COS. OF OTHER STATES. 



193 



COLUMBIA FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated March 24, 1853. Commenced business March, 1853.] 

Paid-up Capital, $300,000. 

George W. Savage, President. Secretary, John B. Arthur. 

Office, No 59 Liberty Street. 



Detailed Statement of Stocks, Bonds, etc. 



United States bonds 

District of Columbia bonds, 3.65 

Brooklyn Park improvement bonds, 6s 

Brooklyn water bond, 6s 

New York county court-house loan, 6s 

New York county assessment fund . 

Queen's County bounty bond . 



Par value. 

1193,000 00 

44,000 00 

13,000 00 

10,000 00 

3,000 00 

1,000 00 

1,000 00 



Market value. 

$206,333 75 

34,870 00 

13,910 00 

10,700 00 

3,150 00 

1,050 00 

1,000 00 



$265,000 00 $271,013 75 



Securities held as collateral for cash loans : — 



United States bonds .... 
Morris and Essex Railroad bonds . 
125 shares Bowery National Bank . 

25 " New York Mutual Gas Light Co. 

40 " Manhattan Gas Light Company 

90 " Rutgers Fire Insurance Company 

35 u Merchants' Fire Insurance Co. 

88 " Mechanics' and Traders' Ins. Co. 
South- Side Railroad bond 

24 shares Sixth Avenue Railroad . 

62 " Produce Exchange Fire Ins. Co. 



Summary of Assets, Dec. 

Loans on mortgage of real estate (first liens*) , 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule . 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (net) . 
Notes taken for fire risks 

Gross Assets 



Market value. Loaned thereon. 

$16,225 00 ) $ 18 000 00 
4,500 00 I 
18,750 00' 
1,500 00 
3,000 00 
3,600 00 

2,250 00 )• 26,000 00 
3,520 00 
750 00 
1,200 00 
4,500 00 



$59,795 00 $44,000 00 


31, 1878. 


$20,000 00 


233 33 


271,013 75 


44,000 00 


679 07 


7,726 20 


331 33 


8,214 96 


1,345 55 

<M^3 KAA 10 



* Value of lands mortgaged . 
Value of huildings thereon . 
Amount of insurance held as collateral 

25 



$20,000 00 
20,000 00 
15,000 00 



194 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities 
Losses claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Due and accrued for rent 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



§3,153 02 

1,931 29 

36,791 87 

541 67 



Surplus over Capital 

» 

Income. 
Cash received for fire premiums . . • §80,770 17 

Deduct re-insurance and return premiums . 13,861 10 

Net cash received for fire premiums . . 

Unpaid premium notes received 

during the year . . . §1,345 55 
Interest received on mortgages . . .... 

Interest and dividends received from all other sources . 



§42,417 85 

$311,126 34 

300,000 00 

111,120 34 



§66,909 07 



1,600 96 
15,199 16 



Gross Cash Income §83,709 19 



Expenditures. 
Cash paid for fire losses $35,076 28 

Deduct salvage and re-insurance . . . 1,163 77 

Net cash paid for fire losses . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidental expenses . 

Gross Cash Expenditures . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force . 



§9,541,858 00 
8,285,197 00 

§17,827,055 00 
9,318.472 00 

§8,508,583 00 
266,725 00 



§33,912 51 
9,110 04 

14,701 20 
2,483 46 

11,657 20 

*71,864 41 
Premiums. 

>;:,722 62 
73,754 47 

§151,477 09 
77,999 53 

*73,477 56 
1,309 26 



§8,241,858 00 §72,168 30 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Fire losses incurred during the year . . . . 
Company's stock owned by directors . . . . 



§3.04S,79S 00 
1,834,385 00 

455,000 00 
27,794 17 

113,130 00 



1878.] 



INS. COS. OF OTHER STATES. 



195 



COMMERCE INSURANCE COMPANY, ALBANY, N.Y. 

[Incorporated June 1, 1859. Commenced business June 1, 1859.] 

Paid-up Capital, $200,000. 

Adam Van Allen, President. Secretary, Richard V. DeWitt. 



Detailed Statement of Stocks, Bonds, Etc. 



United States registered currency bonds . 

200 shares First National Bank, Albany. 

150 " Nat'l Commercial Bank, Albany 
80 " National Albany Exchange Bank 
50 " Union National Bank, Albany 
50 ' ' New York State Nat'l B'k, Albany, 



Par value. 

$210,000 00 

20,000 00 

15,000 00 

8 000 00 

5,000 00 

5,000 00 



Market value. 

$218,000 00 

30,000 00 

37,500 00 

10,000 00 

5,500 00 

7,500 00 



$263,000 00 $338,500 00 



Securities held as collateral for cash loans : — 



35 shares Hartford Fire Insurance Company 
30 " First National Bank, Albany 
12 " Albany Railway Company 
65 " Albany Gas Light Company 
United States bonds 
25 shares Albany Insurance Company 



Cash value of unencumbered real estate . 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in First National Bank . 
Interest due and accrued 
Premiums in course of collection (gross) 
Rents due and accrued .... 
Gross Assets 

Liabilities. 

Losses claimed and reported . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Market value. 


Loaned thereon. 


. $7,700 00 


$3,000 00 


4,500 00 ) 




900 00 


• 5,000 00 


1,950 00 J 




4,000 00 


2,000 00 


1,400 00 


1,000 00 


$20,450 00 


$11,000 00 


31, 1878. 




. $40,000 00 




. 338,500 00 




11,000 00 




597 41 




17,949 96 




733 33 




2,585 47 




40 00 






$411,406 17 



Surplus over Capital 



$4,400 00 

43,170 73 

30 19 



- 47,600 92 

. $363,805 25 

. 200,000 00 

. $163,805 25 



196 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 

Income from rents 



$84,828 90 
14,257 33 



Gross Cash Income 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes 
for expense on real estate 
for incidental expenses . 

Gross Cash Expenditures 



826,209 01 
1,144 98 



870,571 57 

18,892 37 

1,040 00 

,503 94 



.064 03 

32,000 00 

10,731 56 

10,863 00 

3,110 65 

1,263 90 

4,645 01 

$87,678 15 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year 
Deduct amount re-insured 

Net amount in force . 



Premiums. 

$9,939,594 00 895,786 44 
9,894,763 00 84,828 90 



$19,834,357 00 $180,615 34 
10,114,445 00 90,904 61 



►,719,912 00 
456,092 00 



$89,710 73 
3,474 70 



1,263,820 00 $86,236 03 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year 

Fire losses incurred during the year . 
Company's stock owned by directors . 



$2,966,470 00 

2,075,107 00 

474,000 00 

32,000 00 

24,331 70 

69,600 00 



1878.] 



INS. COS. OF OTHER STATES. 



197 



COMMERCIAL FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated May 15, 1850. Commenced business May 15, 1850.] 

Paid-up Capital, $200,000. 

M. V. B. Fowler, President. Secretary, David Quackinbush. 

Office, No. 157 Broadway. 
Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$255,600 00 $292,222 50 



United States bonds 
Brooklyn corporation bonds 
Long Island City water bonds 
Flushing city water bonds 
Elizabeth city water bonds 
New York corporation bonds 



Securities held as collateral for cash loans : - 

Tradesmen's Fire Insurance Company stock 
Commercial Exchange Bank stock . 
Merchants' Exchange Bank stock . 



Summary of Assets, Dec. 
Loans on mortgage of real estate (first liens*) , 
Interest due or accrued thereon 
Stock, bonds, etc., as per schedule . 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in Irving National Bank . 
Interest due and accrued 
Premiums in course of collection (gross) 
Premiums more than 3 months due, $5,033 34 

Gross Assets ..... 

Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 

Unearned premiums on outstanding risks 

Dividends to stockholders, unpaid . 

Due and accrued for rent, salaries, etc. . 

Commissions and brokerage . 

Return premiums ..... 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 



33,000 00 
10,000 00 
12,000 00 
20,000 00 
1,000 00 



36,880 00 
10,000 00 
12,720 00 
15,000 00 
1,145 00 



$331,600 00 $367,967 50 

Market value. Loaned thereon. 

$900 00 $500 00 

4,800 00 400 00 

5,600 00 4,000 00 



Surplus over Capital 



$11,300 00 


$4,900 00 


31, 1878. 




$69,450 00 




692 89 




367,967 50 




4,900 00 




11,893 61 




13,847 03 




1,694 11 




40,194 71 






$510,639 85 




$6,992 58 




5,450 00 




1,400 00 




119,219 74 




154 00 




775 00 




6,029 20 




96 08 






140,116 60 




. 


$370,523 25 




200,000 00 



$170,523 25 



* Value of lands mortgaged . 
Value of buildings thereon . 
Amount of insurance held as collateral 



$72,500 00 

107,500 00 

67,100 00 



198 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 
Cash received for fire premiums . . . $292,542 27 
Deduct re-insurance and return premiums . 17,278 36 

Net cash received for fire premiums . . $275,263 91 

Cash received for marine and inland premiums . . . 9,852 61 

Interest received on mortgages 4,862 63 

Interest and dividends received from all other sources . . 19,104 35 

Gross Cash Income $309,083 50 

Expenditures. 

Cash paid for fire losses $149,318 69 

Deduct salvage and re-insurance . . . 1,037 24 

Net cash paid for fire losses .... $148,281 45 

Cash paid for marine and inland losses 2,317 25 

Cash dividends paid 35,846 00 

Cash paid for commissions and brokerage .... 59,503 06 

for salaries of officers and employes . . . 18,500 00 

for State and local taxes 1,400 74 

for rent and incidentals 18,332 70 

Gross Cash Expenditures . ..... $284,181 20 

Risks and Premiums. 

Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 



In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks written during 1878 . 
Deduct risks expired and terminated 

In force at end of year 

Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (18 per cent) . 
Fire losses incurred during the year . . . . 
Marine and inland losses incurred during the year 
Gompany's stock owned by directors . 



. $36,746,704 53 
36,249,960 43 


Premiums. 

$235,235 50 
292,542 27 


$72,996,664 96 
37,843,194 98 


$527,777 77 
297,347 84 


$35,153,469 98 
305,441 66 


$230,429 93 
1,476 71 


. $34,848,028 32 

$710,203 20 
386,013 77 


$228,953 22 

$9,852 61 
725 85 


$324,189 43 


$9,126 76 



$3,570,521 52 

1,920,594 16 

776,000 00 

36,000 00 

145,477 98 

2,317 25 

85,450 00 



1878.] 



INS. COS. OF OTHER STATES. 



199 



COMMERCIAL MUTUAL INSURANCE COMPANY, NEW YORK. 

[Incorporated April 14, 1842. Commenced business May, 1852.] 

Daniel Drake Smith, President. Secretary, Henry D. King. 

Office, Nos. 57 and 59 William Street. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 

American Exchange Bank stock 

Market Bank stock .... 

Corn Exchange Bank stock 

Bank of the State of New York stock 

Park Bank stock .... 

Bank of New York stock 

Gallatin National Bank stock . 

Continental Bank stock . 

Merchants' Bank stock . 

St. Nicholas Bank stock . 

Bank of Commerce stock . 

Bank of America stock . 

Nassau Bank stock .... 

Bank of North America stock . 

Metropolitan Bank stock 

Mechanics' Banking Association stock 

Brooklyn city water bonds 

Newark city bonds .... 

Louisville city bonds 

Erie Railroad bonds 

Morris and Essex Railroad bonds . 

Warren Railroad bonds . 

Rome, W., and O. Railroad bonds . 

Dela., Lackawanna, and Western R.R. bonds 

Oakland and Ottawa Railroad bonds 

Detroit and Milwaukee Railroad bonds 

New York City Insurance Company stock 

Coast Wrecking Company stock 

Atlantic Mutual Insurance Company scrip 

Union Mutual Insurance Company scrip . 



Par value. 

$410,000 00 

20,000 00 

2,500 00 

4,000 00 

1,600 00 

10,000 00 

3,700 00 

3,300 00 

5,000 00 

6,200 00 

15,000 00 

5,400 00 

1,800 00 

5,000 00 

4,690 00 

600 00 

10,000 00 

5,000 00 

13,000 00 

15,000 00 

15,000 00 

37,000 00 

9,000 00 

25,000 00 

5,000 00 

1,000 00 

1,280 00 

1,100 00 

4,500 00 

33,970 00 

470 40 



Market value. 

$410,000 00 

20,200 00 

2,700 00 

4,979 00 

1,600 00 

9,000 00 

4,403 00 

4,125 00 

3,800 00 

7,564 00 

11,250 00 

6,210 00 

2,340 00 

4,150 00 

3,283 00 

696 00 

6,000 00 

5,250 00 

14,980 00 

15,450 00 

16,075 00 

37,060 00 

9,450 00 

8,500 00 

5,200 00 

850 00 

640 00 

825 00 

450 00 

34,715 60 

235 20 



Securities held as collateral for cash loans : — 

United States bonds ..... 
100 shares Bergen County Gas Light Company, 



$675,110 40 $651,980 80 

Market value. Loaned thereon. 

$7,363 75 $7,000 00 

2,000 00 1,000 00 



,363 75 $8,000 00 



Summary of Assets, Dec. 31, 1878. 
Stocks, bonds, etc., as per schedule . . $651,980 80 

Loans on collateral security, as per schedule . 8,000 00 



200 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks 
Re-insurance and salvage 

Gross Assets .... 



$53,815 27 

1,962 00 

6,011 91 

78,478 45 

17,159 41 



$817,407 84 



Liabilities. 
Losses claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Unpaid scrip ordered to be redeemed 
Interest due or accrued on scrip 
Re-insurance premiums due . 
Return premiums . 
Miscellaneous .... 
Gross Liabilities, except Scrip 

Surplus as regards Policy-holders 
Scrip outstanding, not ordered to be redeemed 



$36,885 88 
2,050 00 
86,924 83 
7,059 20 
7,206 61 
1,271 97 
5,001 59 
4,700 00 



- 151,100 08 

. $666,307 76 
. 616,055 00 



Surplus over Scrip . . . ..... $50,252 76 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Cash received for marine and inland premiums, 

Deduct re-insurance and return premiums 

Net cash received for marine and inl'd prems. 

Unpaid premium notes received 

during the year . . . $66,069 35 
Interest and dividends received from all sources 
Income from miscellaneous sources . 



$26,447 99 
2,362 67 

$227,264 13 
64,465 40 



$24,085 32 



162,798 73 



. 37,137 56 
. 21,752 80 

Gross Cash Income $245,774 41 



Expenditures. 

Cash paid for fire losses 

for marine and inland losses . 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
Cash paid for redemption of scrip . 
Interest paid scripholders . 
Cash paid for commissions and brokerage 

for salaries of officers and employes 
for incidental expenses . 

Gross Cash Expenditures . 



$202, S24 71 
98,464 53 



$7,451 42 



104,360 18 
38,130 00 
35,717 70 
11,229 28 
28,573 37 
29,547 37 

$255,009 32 



1878.] 



INS. COS. OF OTHER STATES. 



201 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$3,790,685 00 
5,235,692 00 

$9,026,377 00 
4,774,772 00 



Premiums. 

$20,303 77 
26,553 92 

$46,857 69 
22,538 85 



=,251,605 00 $24,318 84 



$5,574,097 00 
17,290,328 00 

$22,864,425 00 
17,975,388 00 

$4,889,037 00 
144,386 00 



$83,269 40 
209,114 71 

$292,384 11 
223,576 11 

$68,808 00 
6,202 01 



:,744,651 00 $62,605 99 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Fire losses incurred during the year 
Marine and inland losses incurred during the year 
Scrip dividends declared during the year 



$12,206,600 63 

7,195,073 65 

7,451 42 

. 202,824 71 

. 43,900 00 



CONNECTICUT FIRE INSURANCE CO., HARTFORD, CONN. 

[Incorporated June, 1850. Commenced business July, 1850.] 

Paid-up Capital, $1,000,000. 

M. Bennett, Jr., President. Secretary, Charles R. Burt. 

Office, No. 64 Pearl Street. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 

Connecticut state bonds . 

New Britain city water bonds 

Hartford city bonds 

Columbus (O.) city bonds 

Middletown (Conn.) city bonds 

Newark (O.) city bonds . 

Toledo Board of Education 

Erie (Penn.) consolidated bonds 

Michigan Central Railroad bonds 

Chicago and Iowa Railroad bonds 

N. Y., N. H., and H. R.R. bonds 

Tiffin (O.) Gas Company bonds 

Importers' and Traders' Nat. B'k stock, N.Y. 

26 



Par value. 

$500,000 00 
16,000 00 
15,000 00 
16,000 00 

5,000 00 
20,000 00 

9,000 00 
10,000 00 
10,000 00 
20,000 00 
20,000 00 
40,000 00 
25,000 00 
30,000 00 



Market value. 

$525,800 00 
16,800 00 
16,200 00 
16,640 00 

5,200 00 
20,900 00 

9,450 00 
10,800 00 
10,300 00 
22,000 00 
12,000 00 
46,000 00 
25,250 00 
60,000 00 



202 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Fulton National Bank stock, New York . 
Farmers' and Mechanics' Nat. B'k stock, Hart. 
National Exchange Bank stock, Hartford 
Hartford National Bank stock, Hartford 
First National Bank stock, Hartford 
iEtna National Bank stock, Hartford 
Phoenix National Bank stock, Hartford . 
Charter Oak National Bank stock, Hartford 
Boston and Albany Railroad stock . 
Pitts., Ft. Wayne, and Chicago Railroad stock 
N. Y.,N. H., and H. R.R. stock . 
Chicago, Burlington, and Quincy R.R. stock 



86,900 00 
18,800 00 
13,600 00 
30,000 00 
18,500 00 
10,000 00 
15,000 00 
9,300 00 
5,000 00 
30,000 00 
50,000 00 
22,000 00 



810,350 00 
21,244 00 
17,136 00 
44,400 00 
16,650 00 
11,400 00 
22,200 00 
11,625 00 
6,350 00 
30,000 00 
78,000 00 
24,200 00 



8965,100 0081,090,895 00 
Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

N. Y., N. H., and H. R.R. Company's stock . 838,779 00 815,366 25 

Hartford Trust Company stock . . . 5,600 00 4,736 00 

Collins Company stock 1,800 00 1,042 00 

Case, Lockwood, and Brainard Co. stock . 7,000 00 1,000 00 

Connecticut Valley Railroad bonds . . . 1,500 00 800 00 

Orient Insurance Company stock . . « 440 00 > 

Connecticut Fire Insurance Company stock . 550 00 > 

N. Y., N. H., and H. R.R. Company stock . 2,041 00 | 

Middlesex County National Bank stock . . 1,300 00 ) 



400 00 



2,306 00 



859,010 00 825,650 25 

Summary of Assets, Dec. 31, 1878. 
Loans on mortgage of real estate (first liens*), $156,200 00 



Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in National Exchange Bank 
Premiums in course of collection (net) . 
Gross Assets ..... 
Deduct special deposits in other States . 



Balance 

Liabilities. 
Losses claimed and reported . 

disputed or resisted 

Unearned premiums on outstanding risks 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards Policy-holders 
Paid-up Capital 



Surplus over Capital 



1,090,895 00 

25,650 25 

400 91 

125,354 03 

42,665 22 



-81,441,165 41 
. 100,000 00 

81,341,165 41 



837,725 00 

4,650 00 

217,846 76 



8260,221 76 
22,389 00 



237,832 76 

81,103,332 65 
1,000,000 00 

$103,332 65 



* Value of lands mortgaged . 
•Value of buildings thereon . 
Amount of insurance held as collateral 



$193,800 00 
199,400 00 
168,500 00 



1878.] 



INS. COS. OF OTHER STATES. 



203 



Income. 
Cash received for fire premiums . ...... $342,328 25 

Interest and dividends received from all sources . . . 76,012 20 



Gross Cash Income $418,340 45 

Expenditures. 
Cash paid for fire losses .... 



Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidentals 



Gross Cash Expenditures . 

Risks and Premiums. 



$151,808 20 

100,000 00 

57,929 44 

22,079 19 

8,042 73 

20,785 30 



$360,644 86 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year 



Premiums. 

$36,339,236 00 $508,883 28 
33,631,867 00 342,328 25 



$69,971,103 00 $751,211 53 
32,928,589 00 324,862 58 



$37,042,514 00 $426,348 95 



Miscellaneous. 
Premiums received from re-organization of company . 
Losses paid from re-organization of company . 
Cash dividends declared from re-organization of company 
Dividends declared during the year (10 per cent) . 

Fire losses incurred during the year 170,622 51 

Company's stock owned by directors 202,000 00 



$2,382,308 23 
. 1,103,921 05 
. 515,000 00 
. 100,000 00 



CONTINENTAL INSURANCE COMPANY, NEW YORK. 

[Incorporated November, 1852. Commenced business January, 1853.] 

Paid-up Capital, $1,000,000. 

George T. Hope, President. Secretary, Cyrus Peck. 

Office, No. 100 Broadway. 
Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds .... 
Alabama state bonds .... 
South Carolina state bonds 
Tennessee state bonds .... 
250 shares American Exchange Nat'l Bank 

69 " Bank of America . 

37 " Bowery National Bank 

35 " Dry Goods Bank . 
1200 " Mechanics' National Bank . 



. $900,000 00 $1,064,250 00 


10,000 00 


4,400 00 


11,500 00 


9,200 00 


26,000 00 


8,800 00 


. 25,000 00 


25,000 00 


6,900 00 


8,970 00 


3,700 00 


5,550 00 


612 50 


175 00 


. 30,000 00 


39,000 00 



204 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



333 shares Merchants' National Bank . 

250 " Mercantile National Bank . 

200 " Metropolitan National Bank 

100 " Nassau Bank 

700 " Phenix National Bank . 

175 " St. Nicholas National Bank . 

200 " Central Trust Company 

200 " Delaware and Hudson Canal Co. 

1500 " New York and Harlem Railroad 

20 " N. Y. Guar, and Indemnity Co. 



$16,650 00 
25,000 00 
20,000 00 
10,000 00 
14,000 00 
17,500 00 
20,000 00 
20,000 00 
75,000 00 
2,000 00 



$20,479 50 

21,500 00 

24,000 00 

8,200 00 

13,300 00 

12,250 00 

22,000 00 

7,600 00 

108,750 00 

1,500 00 



$1,233,862 50 $1,404,924 50 



Securities held as collateral for cash loans : — 



16 shares Hanover National Bank 

37 " Metropolitan National Bank , 

33 ■ ' Central National Bank . 

15 " American Exchange Nat'l Bank 

50 " Fulton Bank 

10 " Ridge wood Insurance Company 

1200 " Western Union Telegraph Co. 

100 " New York Loan and Imp. Co. 

80 " Nassau Bank 

90 " Bank of America . 

100 " Central Trust Company 

1000 " Renssalaer and Saratoga R.R. 

100 " Corn Exchange Bank . 

289 » 42d St. and Grand St. Ferry R.R, 

41 " Manhattan Gas Light Company 

10 " United States Trust Company 

275 " Brooklyn City Railroad 

173 " Phenix National Bank . 

150 " St. Nicholas National Bank . 

30 " Mechanics' National Bank . 
Syracuse and Binghamton Railroad bonds 



Market value. 

$1,600 00 

4,440 00 

3,300 00 

1,500 00 

2,000 00 

950 00 

114,000 00 

15,000 00 

"6,560 00 

11,700 00 

11,000 00 

100,000 00 

12,000 00 

34,680 00 

3,075 00 

3,200 00 

4,125 00 

3,287 00 

10,500 00 

2,400 00 

36,000 00 



Loaned thereon. 

$500 00 



- 10,000 00 



J 



100,000 00 

5,050 00 
18,000 00 

100,000 00 

9,000 00 

1,600 00 
2,300 00 
2,260 00 
9,000 00 
1,200 00 
30,600 00 



$381,317 00 $289,510 00 



Summary of Assets, Dec. 31, 1878.* 

Cash value of unencumbered real estate . . $690,000 00 

Loans on mortgage of real estate (first liens f), 603,750 00 

Interest due or accrued thereon . . . 17,763 69 

* The company holds, also, instalment premium notes to the amount of $1,249,093.55 
which do not enter into nor form any part of the assets of the company, as no portion of 
them is earned. Whatever value is attached to them would necessarily he counterbalanced 
hy the addition of an exactly equal amount to the re-insurance liability, the entire sum con- 
sisting of " unearned premiums." 

f Value of lands mortgaged $869,125 00 

Value of buildings thereon 1,128,000 00 

Amount of insurance held as collateral . . . 569,975 00 



1878.] 



INS. COS. OF OTHER STATES. 



205 



Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in various banks 
Interest due and accrued . 
Premiums in course of collection (gross) 
Rents due and accrued . 

Gross Assets * . 
Deduct special deposits in other States 



Balance 



$1,404,924 50 
289,510 00 
5,938 94 
154,854 14 
2,545 93 
142,984 54 
15,500 00 



-$3,327,771 74 
29,937 50 



$3,297,834 24 



Liabilities. 



Losses claimed and reported . 
disputed or resisted 

Total amount of losses .... 
Less re-insurance ..... 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Unpaid scrip ordered to be redeemed 
Interest due or accrued on scrip 
Dividends to stockholders, unpaid . 
Commissions and brokerage . 



$160,533 28 
17,041 92 



$177,575 20 
3,601 81 



$173,973 39 

1,060,384 21 

22,354 00 

12,228 32 

409 55 

20,000 00 



Gross Liabilities, except Capital and Scrip, 1,289,349 47 
Deduct liabilities on special deposits . . 9,317 65 



Surplus as regards Policy-holders 

Paid-up Capital $1,000,000 00 

Scrip outstanding, not ordered to be redeemed, 72,908 00 



1,280,031 82 
2,017,802 42 



1,072,908 00 



$944,894 42 



Surplus over Capital and Scrip .... 

Income. 

Cash received for fire premiums . . $1,704,049 81 
Deduct re-insurance and return premiums . 211,037 39 

Net cash received for fire premiums . . $1,493,012 42 

Interest received on mortgages 43,761 43 

Interest and dividends received from all other sources . . 92,114 82 
Income from rents and gold premiums 35,529 34 

Gross Cash Income $1,664,418 01 



Expenditures. 

Cash paid for fire losses $697,064 80 

Deduct salvage and re-insurance . . . 21,557 92 

Net cash paid for fire losses .... 



$675,506 88 



* Including $464,300 special reserve fund, held under New York law. 



206 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 






Cash dividends paid .... 

Cash paid for redemption of scrip . 

for commissions and brokerage 
for salaries of officers and employes 
for State and local taxes 
for incidental expenses . 

Gross Cash Expenditures . 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$238,959,160 
220,473,237 



$134,176 35 

82176 

254,591 17 

191,534 53 

33,859 72 

155,892 23 

$1,446,382 64 



Premiums. 

0061,844,159 75 
00 1,525,487 32 



$459,432,397 
198,978,358 



0083,369,647 07 
00 1,317,06170 



$260,454,039 
5,093,164 



00 $2,052,585 37 
00 32,474 90 



$255,360,875 00 $2,020,110 47 

Miscellaneous. 
Premiums received from organization of company . 



Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year 

Fire losses incurred during the year 

Company's stock owned by directors 



$19,001,567 13 

10,118,110 84 

3,014,497 36 

134,000 00 

686,941 86 

258,300 00 



DELAWARE MUTUAL SAFETY INSURANCE COMPANY, 
PHILADELPHIA, PENN. 

[Incorporated April 10, 1835. Commenced business Aug. 6, 1835.] 

Paid-up Capital, £360,000. 

Thomas C. Hand, President. Secretary, Henry Lylburn. 



Detailed Statement of Stocks, Bonds, 

Par value 

Pennsylvania state bonds, 5s and 6s . . 8271,400 

Philadelphia city bonds, 6s ... . 155,000 

New Jersey State bonds, 6s . . . 250,000 

Pittsburg city bonds, 7s 100,000 

Boston city bonds, 6s 100,000 

St. Louis city bonds, 6s .... . 100,000 

Cincinnati city bonds, 7s .... 50,000 

Columbus city bonds, 6s . . . . . 25,000 

Pennsylvania Railroad Company bonds, 6s . 20,000 

Western Penn. R.R. Co. bonds, guaranteed . 25,000 

Tennessee state bonds, 6s ... . 44,000 



Etc. 

Market value 

00 §29S,S74 00 

00 177,900 00 

00 283,650 00 

00 100,375 00 

00 117,000 00 

00 105.125 00 

00 54,500 00 

00 26,500 00 

00 21,000 00 

00 19,500 00 

00 11,880 00 



1878.] 



INS. COS. OF OTHER STATES. 



207 



380 shares Pennsylvania Railroad Company . $19,000 00 $12,920 00 



131 shares North Pennsylvania Railroad Co. . 6,550 00 

American S. S. Company bonds, guaranteed . 40,000 00 

Wm. Cramp & Sons' dry dock mort. bonds, 7s, 28,000 00 

Stock and scrip of sundry corporations . . 16,828 00 



4,978 00 
32,000 00 
28,000 00 

4,885 00 



Summary of Assets, Oct 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (net) 
Notes taken for marine and inland risks 
Miscellaneous ..... 
Premiums more than 3 months 

due $42,694 00 

Gross Assets 

Liabilities. 

Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies 
Unpaid scrip ordered to be redeemed 
Dividends to stockholders, unpaid . 
State and local taxes .... 

Gross Liabilities, except Capital and Scrip 



$1,250,778 00 $1,299,087 00 

31, 1878. 

$120,000 00 

209,950 00 

3,373 00 

1,299,087 00 

285 28 

134,955 65 

14,308 00 

77,443 50 

262,024 80 

1,098 55 



$6,142 00 

91,853 00 

6,000 00 

315,490 90 

79,072 55 

5,370 00 

6,365 00 

8,034 18 



$2,122,525 78 



518,327 63 



Surplus as regards Policy-holders $1,604,198 15 

Paid-up Capital $360,000 00 

Scrip outstanding, not ordered to be redeemed, 985,720 00 

1,345,720 00 



Surplus over Capital and Scrip 

Income. 
Cash received for fire premiums 



$258,478 15 



$124,456 89 
8,810 50 



Deduct re-insurance and return premiums 

Net cash received for fire premiums . . 

Cash received for marine and inland premiums, $650,500 98 
Deduct re-insurance and return premiums . 96,870 09 
Net cash rec'd for marine and inland prems. . 



$115,646 39 



553,630 89 



* Value of lands mortgaged . f 
Value of buildings thereon 
Amount of insurance held as collateral 



$181,100 00 
181,900 00 
151,500 00 



208 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Unpaid premium notes received 

during the year . . . $262,024 80 
Interest received on mortgages .... 
Interest and dividends received from all other sources 
Deposits received for perpetual 

fire risks .... $1,951 67 



$12,540 50 
69,093 35 



Gross Cash Income $750,911 13 



Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses 
Cash paid for marine and inland losses . 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
Cash dividends paid .... 
Cash paid for redemption of scrip . 
Interest paid scripholders 
Cash paid for commissions and salaries . 

for State and local taxes . 

rent and incidentals 



Gross Cash Expenditures . 

Risks and Premiums. 



$62,608 71 
8,365 16 

$431,612 25 
41,416 39 



Fire risks outstanding Oct. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Oct. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year 



$20,612,409 00 
17,956,700 00 

$38,569,109 00 
19,282,955 00 

$19,286,154 00 
128,000 00 



854,243 55 



390,195 86 
35,938 50 

182,555 00 
57,313 30 
68,847 99 
16,576 84 
13,269 31 

$818,940 35 



Premiums. 

$189,428 57 
124,433 89 

$313,862 46 
155,738 90 

$158,123 56 
709 50 



$19,158,154 00 $157,414 06 



$13,313,067 00 
47,447,874 00 

$60,760,941 00 
50,085,517 00 



$255,286 73 
602,957 80 

$858,244 53 
61S,815 47 



$10,675,424 00 $239,429 06 



Miscellaneous. 

Dividends declared during the year . 

Fire losses incurred during the year 

Marine and inland losses incurred during the year 

Company's stock owned by directors 

Scrip dividends declared during the year 



$35,938 00 
53,001 00 

437,427 00 
43,575 00 

175,935 00 



1878.] 



INS. COS. OF OTHER STATES. 



209 



ENTERPRISE FIRE AND MARINE INSURANCE COMPANY, 

CINCINNATI, 0. 

[Incorporated December, 1865. Commenced business December, 1865.] 

Paid-up Capital, $300,000. 

John W. Hartwell, President. Secretary, J. W. McCord. 

Office, No. 82 West Third Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$160,000 00 $170,506 25 

10,000 00 4,500 00 

15,000 00 3,750 00 

3,500 00 3,500 00 



United States bonds ..... 

Alabama state bonds 

Cincinnati, Hamilton, and Dayton R.R. stock, 
Cincinnati Underwriters' Wrecking Co. stock, 



Summary of Assets, Dec 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company 

deposited in Commercial Bank 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks 
Salvages, etc. ..... 

Premiums more than 3 months due, $1,541 85 

Gross Assets 

Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 
disputed or resisted 
Unearned premiums on outstanding risks 
Commissions and brokerage . 
Return premiums .... 
Gross liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



$188,500 00 $182,256 25 

31, 1878. 

$147,927 81 

14,480 00 

1,238 10 

182,256 25 

495 64 

15,164 40 

16,965 78 

26,362 96 

8,170 32 



Surplus over Capital 



$3,357 98 

4,927 71 

11,000 00 

66,916 77 

838 94 

328 63 



$413,061 26 



87,370 03 

$325,691 23 
300,000 00 

$25,691 23 



Income 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 



$81,180 83 
7,650 23 



$73,530 60 



* Value of lands mortgaged 
Value of buildings tbereon 
Amount of insurance beld as collateral 

27 



$14,500 00 

17,000 00 

5,000 00 



210 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash received for marine and inland premiums, $52,493 59 
Deduct re-insurance and return premiums . 1,580 88 

Net cash received for marine and inl'd prems. 50,912 71 

Unpaid premium notes received 

during the year . . . $39,244 37 
Interest received on bonds and mortgages .... 10,332 33 
Interest and dividends received from all other sources . . 481 34 

Income from rents 13,060 82 

Gross Cash Income $148,317 80 

Expenditures. 
Cash paid for fire losses $53,371 87 

Deduct salvage and re-insurance . . . 3,626 09 

Net cash paid for fire losses .... 

Cash paid for marine and inland losses . . $14,042 60 

Deduct salvage and re-insurance . . . 537 60 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for ground rent and incidentals 

Gross Cash Expenditures . 

Risks and Premiums. 



$49,745 78 



13,505 00 
33,000 00 
13,528 48 
13,028 34 
4,217 69 
17,113 22 

$144,138 51 



Fire risks outstanding Dec. 31, 1877 



written during 1878 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 



$7,208,697 
7,010,172 



Premiums. 

32 $94,382 50 
30 82,561 96 



•814,218,S69 
7.01S.472 



62 $176,944 46 
50 84,722 93 



$7,200,397 
83,931 



12 $92,221 53 
25 1,097 89 



$7,116,465 87 $91,123 64 



8393,798 
1,487.273 



98 $42,627 85 
42 48,009 47 



$1,881,077 
1,464,705 



40 $90,637 32 
40 49,556 87 



In force at end of year 

Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (11 per cent) . 
Fire losses incurred during the year . 
Marine and inland losses incurred during the year 
Company's stock owned by directors . 



$416,372 00 $41,080 45 



$3,601.79S 54 

2,341.585 79 

207,000 00 

33,000 00 

55,112 00 

13,469 00 

105,780 00 



1878.] 



INS. COS. OF OTHER STATES. 



211 



EQUITABLE FIRE AND MARINE INSURANCE COMPANY, 

PROVIDENCE, R.I. 

[Incorporated May, 1859. Commenced business September, I860.] 

Paid-up Capital, $200,000. 

Fredk. W. Arnold, President. Secretary, James E. Tillinghast. 

Office, No. 1 Custom-House Street. 



Detailed Statement of Stocks, 



500 shares Old National Bank 

300 " National Bank of Commerce . 

200 u American National Bank 

30 " Third National Bank . 
100 " Fourth National Bank . 
100 " First National Bank, Warren, R.I 
United States bonds .... 
Union Pacific R.R. 1st mortgage bonds . 

40 shares American Screw Company 



Securities held as collateral for cash loans : — 



10 shares Old National Bank . 

Summary of Assets, Dec 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in various banks 
Premiums in course of collection (gross) . 
Rents due and accrued .... 
Premiums more than 3 months due . $483 77 
Gross Assets 

Liabilities. 

Losses claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Dividends to stockholders, unpaid . 
Due and accrued for rent, salaries, etc. . 
State and local taxes .... 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital ..... 



Bonds, Etc. 

Par value. 

$50,000 00 

15,000 00 

10,000 00 

3,000 00 

10,000 00 

10,000 00 

45,000 00 

20,000 00 

10,000 00 



Market value. 

$55,000 00 

14,100 00 

9,000 00 

3,000 00 

11,500 00 

10,000 00 

49,125 00 

21,700 00 

7,200 00 



Surplus over Capital 



$173,000 00 


$180,625 00 


Market value. Loaned thereon. 


$1,100 00 


$1,000 00 


31, 1878. 




$115,000 00 




15,000 00 




180,625 00 




1,000 00 




772 53 




10,681 16 




8,271 14 




2,925 00 

t 






$334,274 83 




$8,574 00 




2,232 00 


' 


51,457 92 




705 30 




500 00 




500 00 




1,500 00 






65,469 22 




... 


$268,805 61 




200,000 00 



,805 61 



* Value of lands mortgaged 
Value of buildings thereon . 
Amount of insurance held as collateral 



$8,000 00 

12,000 00 

8,000 00 



212 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 

Cash received for fire premiums . . . $93,583 19 
Deduct re-insurance and return premiums . 12,412 57 

Net cash received for fire premiums . . 

Cash rec'd for marine and inland premiums . $6,801 99 
Deduct re-insurance and return premiums . 316 96 

Net cash rec'd for marine and inland prems. . 

Interest received on mortgages . . .... 

Interest and dividends received from all other sources . 
Income from rents 



$81,170 62 



6,485 03 

525 00 

11,420 92 

7,847 83 



Gross Cash Income $107,449 40 

Expenditures. 

Cash paid for fire losses $46,957 80 

Deduct salvage and re-insurance . . . 1,390 65 

Net cash paid for fire losses 

Cash paid for marine and inland losses . . ".438 63 

Deduct salvage and re-insurance ... 75 00 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries and incidentals 

for State and local taxes 
Real estate expenses .... 

Gross Cash Expenditures . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year 
Deduct amount re-insured 

Net amount in force . 

Marine risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year 
Deduct amount re-insured 

Net amount in force . 



89,318,626 23 
9,402,154 64 

$18,720,780 87 
9,603,912 06 

$9,116,868 81 
127,786 25 



$45,567 15 



$7,363 63 
21,844 90 
15,546 87 
14,835 45 
4,925 93 
2,886 18 

8112,970 11 

Premiums. 

$119,840 29 
93,583 19 

8213,423 48 
109,769 57 

$103,653 91 
1,422 19 



$S,989,082 56 $102,231 72 



$1,181 75 
6,801 99 



5,735 55 
843,658 05 

8912,393 60 
874,095 20 

$38,298 40 
1,500 00 

$36,798 40 



$7,983 74 

7,491 65 

$492 09 
30 00 

$462 09 



1878.] 



INS. COS. OF OTHER STATES. 



213 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (11 per cent) . 

Fire losses incurred during the year . 

Marine and inland losses incurred during the year 

Company's stock owned by directors . 



$1,503,855 71 

1,145,038 85 

274,000 00 

22,000 00 

48,206 02 

7,889 98 

43,400 00 



EXCHANGE FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated April 9, 1853. Commenced business May, 1853.] 

Paid-up Capital, $200,010. 

Richard C. Combes, President. Secretary, George W. Montgomery. 

Office, No. 172 Broadway. 
Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$195,000 00 $207,675 00 



United States bonds .... 
Securities held as collateral for cash loans 

United States bonds 
United States bonds 
National Gallatin Bank stock . 
Irving Bank stock . 
Bank of State of New York stock 
East River Bank stock . 
National Butchers' and Drovers' Bank stock 
Bowery National Bank stock . 
Williamsburgh Gas Light Company certificates 
Manhattan Life Insurance Company stock 
Manuf . and Builders' Fire Insurance Co. stock 
Tradesmen's Fire Insurance Company stock 
Germania Fire Insurance Company 
Harlem and N. Y. Nav. ^Company stock . 
Home Insurance Company stock 
Rutgers Fire Insurance Company stock . 
N. Y. Equitable Fire Insurance Co. stock 
Oriental Bank stock .... 
Citizens' Bank stock .... 
iEtna Fire Insurance Company stock 
Sterling Fire Insurance Company stock . 
Bull's Head Bank stock .... 
Manhattan Fire Insurance Company stock 
Park Fire Insurance Company stock 
Sterling Fire Insurance Company stock . 
Emporium Fire Insurance Company stock 



Market value. 

$1,530 00 

4,240 00 

280 00 

2,240 00 

300 00 

270 00 

1,550 00 

750 00 

1,250 00 

7,000 00 

2,100 00 

1,360 00 

3,200 00 

1,960 00 

3,660 00 

3,320 00 

2,037 00 

635 00 

1,500 00 

1,720 00 

910 00 

200 00 

1,740 00 

777 00 

455 00 

300 00 



Loaned thereon. 

$1,000 00 



- 9,000 00 



J 



3,100 00 
4,000 00 
1,500 00 



Y 7,500 00 



1,250 00 
800 00 
100 00 

1,300 00 



> 1,2 



200 00 



214 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



.550 00 


00 00 


750 00 


500 00 


4,290 00 1 
530 00 ) 


4,150 00 


660 00 


600 00 


1,245 00 


150 00 


1,050 00 


500 00 


840 00 


600 00 


616 00 


450 00 


, 1,050 00 


950 00 


$60,865 00 


§42,150 00 



Stuyvesant Fire Insurance Company stock 
Merchants' Fire Insurance Company stock 
Nat'l Mechanics' Banking Association stock 
United States bonds .... 
Phoenix National Bank stock . 
Ridgewood Fire Insurance Company stock 
Continental National Bank stock 
Republic Fire Insurance Company stock . 
Hamilton Fire Insurance Company stock 
St. Louis, Jacksonville, and Chic. R.R. bonds, 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens*), $109,950 00 

Interest due or accrued thereon . . . 2,572 50 

Stocks, bonds, etc., as per schedule . . 207,675 00 

Loans on collateral security, as per schedule . 42,150 00 

Cash in the office of the company . . . 7.737 72 

deposited in Nat'l Mech. Banking Ass'n, 3,069 63 

Interest due and accrued ..... 702 40 

Premiums in course of collection (net) . . 9,000 77 

Rent due and accrued 541 67 

Premiums more than 3 months due . §1,990 35 - 

Gross Assets 

Liabilities. 

Losses claimed and reported .... 81,790 00 

disputed or resisted .... 6,200 00 

Unearned premiums on outstanding risks . 48,787 39 

Dividends to stockholders, unpaid . . . 267 00 

State and local taxes 3,500 00 

Return premiums . . . . . . 151 81 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital ..... 



Surplus over Capital 

Income. 
Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Cash received for marine and inland premiums 

Interest received on mortgages 

Interest and dividends received from all other 

Income from rents ..... 



|112,50S 52 

1.329 00 

9,486 66 

12,050 29 

3.250 00 

Gross Cash Income 8138,618 47 



8383,399 69 



63,696 20 

8319,703 49 
200,010 00 

$119,693 49 



§120,891 01 
8,38S 49 



sources 



* Value of lands mortgaged . 
Value of buildings thereon 
Amount of insurance held as collateral 



$104,000 00 
155,500 00 
117,000 00 



1878.] 



INS. COS. OF OTHER STATES. 



215 



Expenditures. 

Cash paid for fire losses .... 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 



Gross Cash Expenditures . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 



$15,312,774 00 
21,918,574 00 

$37,231,348 00 
18,142,210 00 



$19,089,138 00 
185,366 00 



$49,690 12 

20,001 00 

18,577 42 

25,858 71 

1,588 25 

9,283 58 

$124,999 08 

Premiums. 

$108,046 97 
112,492 52 

$220,539 49 
128,303 08 

$92,236 41 
1,097 35 



$18,903,772 00 $91,139 06 



$5,200 00 
32,100 00 



$37,300 00 
7,200 00 



149 00 
1,329 00 

$1,478 00 
229 00 



$30,100 00 $1,249 00 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) 
Fire losses incurred during the year . 
Company's stock owned by directors . 



$2,440,245 98 

1,433,239 98 

242,617 50 

20,001 00 

37,880 12 

104,850 00 



FAIRFIELD FIRE INSURANCE COMPANY, SOUTH 
NORWALK, CONN. 

[Incorporated July, 1869. Commenced business May, 1870.] 

Paid-up Capital, $200,000. 

Winfield S. Hanford, President. Secretary, Henry R. Turner. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States registered bonds . . . $55,000 00 $58,162 50 
Fairfield county coupon bonds, 7s . . . 13,000 00 13,520 00 
St. Joseph city (Mo.) coupon bonds, 10s . 6,000 00 5,400 00 



216 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Sumner (111.) town coupon bonds, 8s 
Portland (Ind.) town coupon bonds 



$4,000 00 
3,000 00 



$4,000 00 
2,875 00 



Securities held as collateral for cash loans:— - 



10 shares South Xorwalk National Bank 
48 " Xorwalk Lock Company . 
50 " Manufs.' and Merchants' Bank 
Prospect Park Railroad Company bonds . 
Paid-up policy Mutual Life Insurance Co. 
Xew Orleans city bonds, 6s 
Xorwalk Lock Company stock 



§81,000 00 


$83,957 50 


Market value. Loaned thereon. 


$1,100 00 


1800 00 


960 00 


850 00 


1,850 00) 
2,000 00 > 


3,464 45 


10,500 00 


1,800 00 


1,000 00 


910 00 


4,860 00 


4,000 00 



270 00 $11,824 45 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*), 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) . 
Rents due and accrued .... 
Due from non-resident stockholders 

Re-insurance due 

Premiums more than 3 months due, $1,500 00 
Gross Assets 

Liabilities 

Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Dividends to stockholders, unpaid . 
Due and accrued for rent, salaries, etc. 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 



.035 55 

105,477 20 

6,034 15 

83,957 50 

11,824 45 

3,007 44 

19,952 51 

2,670 38 

23,114 82 

681 25 

777 67 

3,350 00 



$7,498 65 

4.350 00 

1.150 00 

64,916 43 

684 37 

200 00 

4.622 96 



$316,882 92 



$83,422 41 

8233.460 51 
200,000 00 

833,460 51 



* Value of lands mortgaged 
Value of buildings thereon . 
Amount of insurance held as collateral 



$121/200 00 

130,000 00 

77.500 00 



1878.] 



INS. COS. OF OTHER STATES. 



217 



Income 

Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Interest received on mortgages 
Interest and dividends received from all 
Income from rents and commissions 



Gross Cash Income 



$153,004 83 
19,735 57 



other sources 



$133,269 26 
7,526 03 
5,032 23 
2,788 13 

$148,615 65 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 



$75,282 54 
3,151 98 



$72,130 56 
18,000 00 
23,198 18 
11,290 76 
2,796 26 
12,978 43 

$140,394 19 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$12,481,585 00 $129,014 95 
15,029,970 00 153,004 83 



$27,511,555 00 $282,019 78 
12,845,823 00 152,007 30 



$14,665,732 00 $130,012 48 
375,194 00 4,176 35 



$14,290,538 00 $125,836 13 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (9 per cent.) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



,130,778 07 

664,354 05 

146,000 00 

18,000 00 

74,244 73 

81,600 00 



28 



218 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



FARRAGUT FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated Jan. 29, 1872. Commenced business Jan. 30, 1872.] 

Paid-up Capital, $200,000. 

John M. Furmax, President. Secretary, Samdel Daebee. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $255,000 00 $273,781 25 

100 shares Fourth National Bank . . . 10,000 00 9,300 00 



$265,000 00 $283,081 25 



Securities held as collateral for cash loans : — 

Market value. 

10 shares Fourth National Bank . 

15 " Enterprise Fire Insurance Company, 
500 " Manufs'. National Bank, Brooklyn 
175 " Broadway Railroad Co., Brooklyn 

75 " Brooklyn Ferry Co., Brooklyn 
200 " Fourth National Bank, New York 

55 " Tradesmen's Fire Insurance Co. 
Broadway Railroad Company mortgage bonds 

10 shares Greenwich Fire Insurance Co. 
Bushwick Railroad Company mortgage bonds 

50 shares German American Insurance Co. 

50 " Central National Bank . 

20 " Guardian Fire Insurance Company 

20 " Hoffman Fire Insurance Company 

33 " Manufacturers' National Bank 




Loaned thereon. 

00 I $1,000 00 
00 j 

00 10,000 00 

00 I 22,000 00 
00) 

00 12,000 00 

1,200 00 

1.000 00 

300 00 

1,000 00 

9,500 00 
1,500 00 



$89,743 50 $59,500 00 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*), 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) . 
Rents due and accrued .... 
Office furniture . . . . $4,000 00 
Premiums more than 3 months due . 203 98 
Gross Assets 



§43,020 96 

25,500 00 

472 50 

283,081 25 

59,500 00 

68 74 

8,989 55 

1,020 56 

7,909 10 

271 67 



$429,S34 33 



* Value of lands mortgaged $18,000 00 

Value of buildings thereon 33,500 00 

Amount of insurance held as collateral .... 30,400 00 



1878.] 



INS. COS. OF OTHER STATES. 



219 



Liabilities. 

Losses claimed and reported . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. . 
State and local taxes .... 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital ..... 



$399 73 

62,364 09 

2,458 33 

2,400 00 

1,144 40 



Surplus over Capital 

Income. 

Cash received for fire premiums . . . $119,382 40 
Deduct re-insurance and return premiums . 4,352 75 

Net cash received for fire premiums . . 

Interest received on mortgages . . .... 

Interest and dividends received from all other sources . 
Income from rents ......... 



$68,766 55 

$361,067 78 
200,000 00 

$161,067 78 



$115,029 65 

2,849 18 

16,632 11 

2,275 01 



Gross Cash Income $136,7S5 95 



Expenditures. 
Cash paid for fire losses .... 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidental expenses . 

Gross Cash Expenditures 

Risks and Premiums. 






Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$25,660,384 00 
26,866,701 00 



,527,085 00 
27,451,999 00 



$25,075,086 00 
119,901 00 



$38,184 50 
30,000 00 
16,850 17 
21,800 00 
1,687 87 
23,059 16 

$131,581 70 



Premiums. 

$122,283 09 
119,350 48 

$241,633 57 
117,100 34 

$124,533 23 
818 59 



$24,955,185 00 $123,714 64 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (15 per cent) . 
Fire losses incurred during the year . . . . 

Company's stock owned by directors . 



$947,842 92 

285,463 10 

162,000 00 

30,000 00 

34,406 06 

96,500 00 



220 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



FIRE ASSOCIATION OF PHILADELPHIA, PHILADELPHIA, 

PENN. 

[Incorporated Sept. 1, 1817. Commenced business March 27, 1820.] 

Paid-up Capital, $500,000. 

William T. Butler, President. Secretary, Jacob H. Lex. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value 

United States bonds 
Philadelphia city bonds 



Camden city bonds . 
Pittsburg city bonds 
Masonic Temple bonds 
Pennsylvania Railroad bonds 
Lehigh Valley Railroad bonds 
Lehigh Coal and Navigation Company bonds 
Philadelphia and Reading Railroad bonds 
Catawissa Railroad bonds 
Philadelphia and Erie Railroad bonds 
3000 shares Pennsylvania Railroad . 
2000 " Philadelphia and Reading R.R. 
1600 " Lehigh Coal and Navigation Co. 
331 " Phila., Ger., and Norristown R.R 
70 " Chestnut Hill Railroad . 
Philadelphia city warrants 
2203 shares Fire Association . $550,750 00 



Summary of Assets, Dec 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Cash deposited in Fidelity T. and S. D. Co. 
Interest due and accrued 
Premiums in course of collection (gross) . 

Gross Assets 

Deduct special deposits in other States . 



Market value. 

$415,000 00 $454,425 00 
400,000 00 462,000 00 



6,000 00 

50,000 00 

20,000 00 

100,000 00 

120,000 00 

100,000 00 

10,000 00 

10,000 00 

14,000 00 

150,000 00 

100,000 00 

80,000 00 

' 16,550 00 

3,500 00 

57,984 71 



6,480 00 

50,000 00 

21,300 00 

105,000 00 

121,200 00 

55,000 00 

4,500 00 
10,500 00 
14,700 00 
99,000 00 
24,000 00 
23,200 00 
33,100 00 

7,000 00 
60,916 33 



Balance 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies 
State and local taxes .... 



£1,653,034 71 $1,552,321 33 

31, 1878. 

$78,920 70 

1,264,045 10 

18,387 12 

1,552,321 33 

199,724 67 

7,875 00 

107,782 41 

$3,229,056 33 

50,000 00 



$3,179,056 33 



$9,543 20 

52,270 00 

28,296 06 

506,399 06 

1,675,599 44 

1,816 66 



* Value of lands mortgaged 
Value of buildings thereon . 
Amount of insurance held as collateral 



$S05,750 00 
2,417,250 00 
1,000,650 00 



1878.] 



INS. COS. OF OTHER STATES. 



221 



Commissions and brokerage . 
Return premiums and re-insurance . 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards Policy-holders 
Paid-up Capital .... 



. $26,140 18 
6,665 54 

$2,306,730 14 
38,580 47 



■ $2,268,149 67 



$1,207,886 89 
. 124,481 60 



Surplus over Capital 

Income 
Cash received for fire premiums 
Deduct re-insurance and return premiums 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages 
Interest and dividends received from all other sources 
Income from miscellaneous sources .... 
Deposits received for perpetual 
fire risks . . . . $59,910 04 



$910,906 66 
500,000 00 

$410,906 66 



$1,083,405 29 

115,443 63 

68,006 00 

7,415 00 



Gross Cash Income .... 

Expenditures. 
Cash paid for fire losses .... 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidental expenses . 
Deposits returned on perpetual 

fire risks .... $36,115 28 

Gross Cash Expenditures .... 
Risks and Premiums. 



$1,274,269 92 

$605,873 95 

200,000 00 

251,370 71 

49,538 33 

41,438 64 

15,868 27 



. $1,164,089 90 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Perpetual risks in force . 



Premiums. 

$173,758,328 00 $2,817,796 96 
109,980,974 00 1,207,886 89 



$283,739,302 00 $4,025,683 85 
114,376,515 00 1,294,133 71 



$169,362,787 00 $2,731,550 14 
292,134 00 1,662 28 



$169,070,653 00 $2,729,887 86 



$71,408,520 00 

Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (40 per cent) 
Fire losses incurred during the year .... 
Company's stock owned by directors 



£8,826,025 00 

3,615,199 95 

1,579,762 00 

200,000 00 

601,603 57 

103,700 00 



222 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 
FIREMEN'S INSURANCE COMPANY, BALTIMORE, MD. 

[Incorporated December, 1825. Commenced business Aug. 2,1826.] 

Paid-up Capital, §378,000. 

James M. Anderson, President. Secretary, R. Emory TVarfield. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. JIarket value. 

Baltimore city bonds $170,613 37 $188,382 30 

Maryland state bonds 148,206 21 153,420 54 

Virginia state bonds 74,513 85 29,599 47 

Tennessee state bonds 43,000 00 12,900 00 

Baltimore and Ohio Railroad bonds, 6s . . 20,000 00 21,000 00 

Commercial and Farmers' Nat'lB'k, Baltimore, 31,000 00 30,380 00 

Farmers' and Merchants' Nat'l B'k, Baltimore, 1,200 00 1,110 00 

Merchants' National Bank, Baltimore . . 700 00 735 00 

National Bank of Baltimore .... 13,200 00 14,586 00 

Franklin Bank of Baltimore .... 725 00 377 00 

National Mechanics' Bank of Baltimore . . 8,080 00 7,676 00 

. $511,238 43 $460,166 31 



Summary of Assets, Dec 

Cash value of unencumbered real estate 

Stocks, bonds, etc., as per schedule 

Cash in the office of the company . 

Cash deposited in National Farmers' and 

Planters' Bank .... 
Interest due and accrued . 
Premiums in course of collection (gross) 
Rents due and accrued . 

Gross Assets .... 



31, 1878. 

$50,000 00 

460,166 31 

1,272 42 

32,806 55 

25,365 85 

4,803 59 

400 00 



-"74,814 72 



Liabilities 

Losses adjusted, unpaid . 

claimed and reported . 
disputed or resisted 
Unearned premiums on outstanding risks 
Dividends to stockholders, unpaid . 
State and local taxes 
Commissions and brokerage 
Return premiums .... 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 



84.120 49 

25,483 95 

8,005 00 

44,474 38 

437 00 

413 74 

1,046 10 

343 16 



84,323 82 

8490,490 90 
378,000 00 

$112,490 90 



1878.] 



INS. COS. OF OTHER STATES. 



223 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 

Income from rents 



$122,380 70 
7,321 05 



$115,059 65 

24,823 53 

1,275 00 



Gross Cash Income . $141,158 18 



Expenditures. 

Cash paid for fire losses 

Cash dividends paid . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 



Gross Cash Expenditures .... 
Risks and Premiums. 



$26,814 75 
84,009 00 
10,753 84 
12,207 16 
12,417 38 

$146,202 13 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force . 



$17,579,345 
22,345,081 



Premiums. 

00 $79,740 89 
00 122,380 70 



$39,924,426 
21,208,070 



00 $202,121 59 
00 114,152 61 



$18,716,356 
22,000 



00 $87,968 98 
00 326 50 



$18,694,356 00 $87,642 48 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company . 
Cash dividends declared from organization of company 
Dividends declared during the year .... 
Fire losses incurred during the year .... 
Company's stock owned by directors .... 



$4,708,158 92 

2,193,342 60 

2,519,180 24 

84,000 00 

61,223 82 

32,166 00 



FIREMEN'S INSURANCE COMPANY, NEWARK, N.J. 

[Incorporated Dec. 3, 1855. Commenced business Dec. 3, 1855.] 

Paid-up Capital, $400,000. 

S. R. W. Heath, President. Secretary, Daniel H. Dunham. 

Office, No. 755 Broad Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $190,000 00 $205,200 00 

Morris and Essex Railroad stock . . . 11,800 00 8,850 00 
First National Bank stock .... 10,000 00 8,500 00 



224 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Second National Bank stock . 
Newark City National Bank stock . 
Essex County National Bank stock . 
National Newark Banking Company stock 
National State Bank stock 
American Insurance Company stock 
Newark City Insurance Company stock . 
Germania Insurance Company stock 
Newark Fire Insurance Company stock . 



$10,000 00 
5,000 00 
5,000 00 
4,800 00 
1,750 00 
14,315 00 
3,750 00 
2,000 00 
1,080 00 



$12,000 00 
6,250 00 
6,000 00 
5,760 00 
1,750 00 
20,041 00 
3,750 00 
1,700 00 
1,404 00 



8259,495 00 §281,205 00 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 

deposited in Newark City Nat'l Bank 
Premiums in course of collection (gross) . 
Notes taken for fire risks 
Rents due and accrued .... 
Premiums more than 3 months due, $788 37 
Gross Assets 

Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

Unearned premiums on outstanding risks 

Reclaimable on perpetual fire policies 

Unpaid scrip ordered to be redeemed 

Interest due or accrued on scrip 

Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 



1151,794 41 

624,515 00 

18,980 91 

281,205 00 

10,401 44 

10,085 78 

6,481 78 

99 34 

510 00 



16 00 

3,738 64 

108,495 22 

288 80 

2,738 00 

717 64 

876 39 



-61,104,139 66 



Surplus over Capital 

Income. 
Cash received for fire premiums . . . 8192,821 25 
Deduct re-insurance and return premiums . 8,954 41 
Net cash received for fire premiums 
Unpaid premium notes received 

during the year .... $99 34 
Interest received on mortgages .... 
Interest and dividends received from all other sources 
Income from rents ....... 



117,620 69 

$986,518 97 
400,000 00 

$5S6,518 97 



8183,866 84 



46,183 50 

14.654 03 

4,156 86 



Gross Cash Income 8248,861 23 



* Total value of property mortgaged 
Amount of insurance held as collateral 



$1,556,300 00 
890,590 00 



1878.] 



INS. COS. OF OTHER STATES. 



225 



Expenditures 
Cash paid for fire losses .... 
Cash dividends paid .... 
Cash paid for redemption of scrip . 
Interest paid scripholders 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

to holders of participating policies 

for incidentals 



Gross Cash Expenditures . 

Risks and Premiums. 

Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 



$63,877 34 

48,000 00 

234 00 

55 16 

22,179 87 

16,460 17 

4,087 13 

8,823 45 

8,415 55 

$172,132 67 



28,403,884 
27,323,388 



Premiums. 

00 $236,828 95 
00 194,049 37 



$55,727,272 
28,199,118 



00 $430,878 32 
00 214,468 10 



In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$27,528,154 
288,400 



00 $216,410 22 
00 2,026 36 



$27,239,754 00 $214,383 86 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year .... 
Fire losses incurred during the year 
Company's stock owned by directors 



$2,538,973 92 

702,807 16 

390,500 00 

48,000 00 

60,374 82 

251,960 00 



FIREMEN'S INSURANCE COMPANY, NEW YORK. 

[Incorporated, 1825. Commenced business, 1825.] 

Paid-up Capital, $204,000. 

John F. Halsted, President. Secretary, Thaddeus J. Whitlock. 

Office, No. 153 Broadway. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

. $230,000 00 $235,050 00 

6,700 00 8,040 00 

6,000 00 6,960 00 

4,000 00 4,000 00 



United States bonds .... 
Bank of New York stock 
Metropolitan National Bank stock . 
American Exchange National Bank stock 

29 



$246,700 00 $254,050 00 



226 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens*), $55,800 00 

Interest due or accrued thereon . . . 1,333 50 

Stocks, bonds, etc., as per schedule . . 254,050 00 

Cash in the office of the company . . . 803 17 

deposited in various banks . . . 12,205 60 

Interest due and accrued .... 508 00 

Premiums in course of collection (gross) . . 2,820 54 
Premiums more than 3 months due, $96 24 
Gross Assets 

Liabilities. 

Losses adjusted, unpaid . 

claimed and reported 



disputed or resisted 

Total amount of losses 
Less re-insurance . 

Net amount of unpaid losses 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. 
State and local taxes 
Commissions and brokerage . 
Return premiums .... 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 

Surplus over Capital 

Income 
Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest received on mortgages 

Interest and dividends received from all other sources 



$327,520 81 



$2,011 23 
8,802 20 
2,500 00 

$13,313 43 
1,000 00 



$12,318 43 


23,608 


78 


683 


33 


705 


18 


365 


89 


16 


54 



$48,867 93 
2,452 95 



Gross Cash Income .... 

Expenditures. 
Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid . . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 



$20,090 38 
132 15 



37,693 15 

$289,827 66 
204,000 00 

$85,827 66 



$46,414 98 

3,813 22 

17,911 87 

$68,140 07 



$19,958 23 

20,400 00 

4,432 95 

13,900 08 

183 18 

7,104 99 

865,979 43 



* Value of lands mortgaged 
Value of buildings thereon . 
Amount of insurance held as collateral 



$74,000 00 
66,000 00 
56,225 00 



1878.] 



INS. COS. OF OTHER STATES. 



227 



Fire risks outstanding Dec. 31, 1877 
written duriug 1878 



Risks and Premiums. 

Premiums. 

$10,179,692 00 $51,379 95 
10,897,076 00 48,256 88 



Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Ded L . ?t amount re-insured 

Net amount in force 



$21,076,768 00 $99,636 83 
11,121,252 00 50,714 90 



>,955,516 00 $48,921 93 
246,251 00 1,395 36 



1,709,265 00 $47,526 57 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent.) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



$4,019,275 28 

2,526,555 62 

1,301,578 17 

20,400 00 

22,909 99 

60,299 00 



FIREMEN'S INSURANCE COMPANY, DAYTON, OHIO. 

[Incorporated April, 1856. Commenced business 1856.] 

Paid-up Capital, 6250,000. 

S. Craighead, President. Secretary, J. S. Miles. 

Detailed Statement of Stocks, Bonds, Etc. 

United States bonds 
Dayton city bonds . 
Music Hall Company's bonds 
Troy (O.) bonds 
Wapakoneta (O.) bonds . 
Montgomery county (O.) bonds 
135 shares Merchants' Nat'l Bank, Cincinnati, 
22 shares Dayton National Bank . 



Securities held as collateral for cash loans: 

Eagle White Lead Company stock . 
Cooper Hydraulic Company stock . 
Dayton Street-Railroad Company stock 
Little Miami Railroad Company stock 
Third National Bank stock 
Merchants' National Bank stock 
Cincinnati Gas Company stock 
Second National Bank stock . 
Miami Valley Insurance Company stock 



Par value. 


Market value. 


$182,500 00 


$196,332 25 


21,000 00 


21,630 00 


6,000 00 


6,000 00 


10,000 00 


10,500 00 


3,000 00 


3,000 00 


2,200 00 


2,200 00 


13,500 00 


13,905 00 


2,200 00 


2,970 00 


$240,400 00 


$256,537 25 


Market value. 


Loaned thereon. 


$18,000 00 


$10,000 00 


20,000 00 


10,000 00 


2,280 00 


300 00 


2,000 00' 




1,450 00 


y 5,000 00 


500 00 




1,755 00, 




15,000 00 


9,500 00 


2,400 00 


1,500 00 



$63,385 00 $36,300 00 



228 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*), 

Interest due and accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in bank .... 
Interest due and accrued 
Premiums in course of collection (gross) . 
Notes taken for fire risks 

Gross Assets ..... 

Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Dividends to stockholders, unpaid . 
State and local taxes .... 
Commissions and re-insurance 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 



Surplus over Capital 

Income. 
Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest received on mortgages 

Interest and dividends received from all other 

Income from rents ..... 



Gross Cash Income 



Expenditures. 
Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 



$18,162 33 

42,339 14 

2,245 17 

256,537 25 

36,300 00 

4,909 79 

7,431 21 

2,433 94 

21,653 88 

4,369 64 
$396,382 35 

$4,505 93 

900 00 

1,200 00 

72,333 53 

180 50 

850 77 

2,991 34 

82,962 07 

. $313,420 28 
. 250,000 00 

. $63,420 28 



$115,426 71 
21,317 53 



sources 



$50,499 59 
2,244 61 



$94,109 18 

3,174 87 

18,536 88 

382 50 

$116,203 43 



848,254 98 
25,923 50 
16,202 24 
12,283 35 
3,478 01 
11,088 12 

$117,230 20 



* Value of lands mortgaged . 
Value of buildings thereon . 
Amount of insurance held as collateral 



$94,420 00 
57,200 00 
10,900 00 



1878.] 



INS. COS. OF OTHER STATES. 



229 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Risks and Premiums. 

Premiums. 

$12,988,108 00 $132,279 00 
11,306,760 00 115,426 71 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$24,294,868 00 $247,705 71 
11,045,216 00 104,649 09 



$13,249,652 00 $143,056 62 
254,986 00 3,027 26 



$12,994,666 00 $140,029 36 

Miscellaneous. 

Premiums received from organization of company . .$1,191,027 06 

Losses paid from organization of company .... 410,869 00 

Cash dividends declared from organization of company . 339,892 40 

Dividends declared during the year (10 per cent.) . . 25,000 00 

Fire losses incurred during the year ..... 35,813 51 

Company's stock owned by directors ..... 63,180 00 



FIREMAN'S FUND INSURANCE COMPANY, SAN FRANCISCO, 

CAL. 

[Incorporated May, 1863. Commenced business June 1863.] 

Paid-up Capital, $300,000. 

D. J. Staples, President. Secretary, George D. Dornin. 

Detailed Statement of Stocks, Bonds, Etc. 



United States registered bonds 
Oakland city bonds .... 

Oakland Gas Light Company bonds 
133 shares First Nat'l Bank, San Francisco 



Securities held as collateral for cash loans : — 

51 shares California Powder Company . 

110 " National Bank and Trust Company, 
10 " Union Savings Bank 
10 " Franco- American Savings Bank 

Merchandise, secured ..... 

Merchandise, secured ..... 

165 shares National Bank and Trust Company, 

100 " California Powder Company . 

100 " First National Bank 

440 " Masonic Hall Association 



Par value. Market value. 

$142,500 00 $149,812 50 

25,000 00 29,250 00 

17,000 00 17,000 00 

13,300 00 11,970 00 



$197,800 00 $208,032 50 



Market value. 

^$5,100 00 

8,800 00 

350 00 

500 00 

10,000 00 

6,750 00 

13,200 00 

10,000 00 

9,000 00 

5,000 00 



Loaned thereon. 

$3,300 00 
6,600 00 

■ 520 00 

6,000 00 

5,000 00 

8,450 00 

5,000 00 

6,000 00 

4,000 00 



,700 00 $44,87() 00 



230 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets, Dec 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) . 
Notes taken for marine and inland risks . 
Rents due and accrued .... 
Advances on real estate, secured 

Gross Assets 

Deduct special deposits in other States . 



Balance 



Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Dividends to stockholders, unpaid . 
Commissions and brokerage . 
Marine bills payable .... 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards Policy-holders 
Paid-up Capital ..... 



Surplus over Capital 

Income. 
Cash received for fire premiums . . . $479,335 82 

Deduct re-insurance and return premiums . 68,718 12 

Net cash received for fire premiums 

Cash received for marine and inland premiums, $136,633 88 

Deduct re-insurance and return premiums . 37,847 13 

Net cash received for marine and inl'd prems 

Unpaid premium notes received 

during the year . . . $25,344 20 

Interest received on bonds and mortgages 

Interest and dividends received from all other sources 

Income from rents and miscellaneous 



31, 1878. 

$200,000 00 

181,200 00 

619 49 

208,032 50 

44,870 00 

4,009 12 

41,334 43 

1,954 18 

51,459 09 

25,344 20 

245 00 

2,153 09 



$13,396 80 

7,850 00 

4,000 00 

286,883 35 

652 49 

120 26 

4,300 45 

$317,203 35 
10,240 62 



$761,221 10 
79,875 00 



$681,346 10 



306,962 73 

8374,383 37 
300,000 00 

*74,383 37 



8410,617 70 



98,786 75 



21.734 07 

8,914 00 

17,296 26 



Gross Cash Income $557,348 78 

* Value of lands mortgaged §375,700 00 

Value of buildings thereon 173,150 00 

Amount of insurance held as collateral .... 98,300 00 



1878.] 



INS. COS. OF OTHER STATES. 



231 



Expenditures. 

Cash paid for fire losse* . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 



$211,355 39 
8,388 25 

$74,724 62 
12,493 65 



$202,967 14 



62,230 97 
65,822 00 
61,397 25 
36,908 35 
10,535 16 
70,907 95 

$510,768 82 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force . 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$33,530,694 00 
39,072,541 00 

$72,603,235 00 
35,841,963 00 



$36,761,272 00 
2,250,959 00 



Premiums. 

$481,855 98 
517,394 29 

$999,250 27 
515,822 53 

,427 74 
29,546 99 



$34,510,313 00 $453,880 75 

$768,331 00 $54,949 75 

5,564,984 00 140,219 47 

$6,333,315 00 $195,169 22 

5,074,712 00 123,044 46 

$1,258,603 00 $72,124 76 

319,449 00 13,347 76 

$939,154 00 $58,777 00 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year . 

Fire losses incurred during the year . 

Marine and inland losses incurred during the year . 

Company's stock owned by directors 



$5,534,806 00 

3,630,435 96 

784,000 00 

66,000 00 

197,850 97 

58,040 05 

49,000 00 



232 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



FRANKLIN FIRE INSURANCE COMPANY, PHILADELPHIA, 

PENN. 

[Incorporated April 22, 1829. Commenced business June, 1829.] 

Paid-up Capital, $400,000. 

Alfred G. Baker, President. Secretary, Ezra T. Cressox. 

Office, No. J+21 Walnut Street. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 
Mississippi state warrants 
New Jersey exempt bonds 
Philadelphia city bonds, 6s, new 
Columbus city bonds 
Camden city bonds, 6s . 
West Jersey Railroad bonds, 7s 
Philadelphia and Reading Railroad bonds 
Pennsylvania Railroad bonds . 
Harrisburg, P. L., and Mt. Joy Railroad bonds 
Hestonville, M., and F. Railroad bonds . 
100 shares Commercial National Bank . 
16 shares Continental Hotel Company . 



Securities held as collateral for cash loans: — 

United States bonds ..... 
20 shares Metropolitan Nat'lB'k, Washington, 
70 " West Philadelphia Railroad . 
36 " Pennsylvania Railroad 

Trenton city bonds 

Harrisburg, P. L., and Mt. Joy Railroad bonds, 
West Chester and Philadelphia Railroad bonds, 
Catawissa Railroad bonds .... 



Par value. 

$350,000 00 
15,000 00 

4,000 00 
50,000 00 
15,000 00 

1,000 00 
10,000 00 

8,000 00 
15,000 00 
25,000 00 
10,000 00 

5,000 00 
• 1,600 00 



Market value. 

$367,700 00 
12,750 00 

4,400 00 
58,000 00 
16,250 00 

1,100 00 
10,500 00 

4,390 00 
15,750 00 
26,250 00 

9,100 00 

5,600 00 
960 00 



$509,600 00 $532,750 00 



Market value. 

$1,537 50 
2,200 00 
4,480 00 
1,188 00 
1,100 00 1 



Loaned thereon. 

$1,475 00 

1,700 00 

3,350 00 

850 00 



2,100 00 
2,260 00 
1,060 00 J 



)■ 5,000 00 



Summary of Assets, Dec. 

Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*), 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 



$15,925 50 $12,375 00 

31, 1878. 

$376,400 00 

2,150,769 17 

42,385 75 

532,750 00 

12,375 00 

3,953 84 

196,147 72 

1,085 62 



* Total value of property mortgaged 
Amount of insurance held as collateral 



$4,801,395 00 
2,351,608 00 



1878.] 



INS. COS. OF OTHER STATES. 



233 



Premiums in course of collection (net) 
Re-insurance deposit premiums 

Gross Assets .... 
Deduct special deposits in other States 



Balance 

Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies 
Dividends to stockholders, unpaid . 
Surveys ...... 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 



$46,995 57 
356 25 



$3,363,218 92 
61,025 00 

$3,302,193 92 



$44,132 

19,398 

3,500 

501,587 

1,429,775 

1,432 

2,917 



70 
00 
00 
48 
42 
00 
00 



$2,002,742 
29,185 



60 
97 



$663,156 
66,330 



Surplus as regards Policy-holders 
Paid-up Capital .... 

Surplus over Capital 

Income 
Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest received- on mortgages 

Interest and dividends received from all other sources 

Income from other sources ..... 

Deposits received for perpetual 

fire .risks .... $50,564 21 

Gross Cash Income .... 

Expenditures. 
Cash paid for fire losses .... 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

salaries of officers and employes 

State and local taxes . 

surveys and incidentals ' . 
Deposits returned on perpetual 
fire risks .... $72,308 78 

Gross Cash Expenditures .... 
Risks and Premiums. 



1,973,556 63 

.$1,328,637 29 
. 400,000 00 

. $928,637 29 



41 

84 



$596,825 57 

136,374 81 

26,649 50 

9,591 95 



$769,441 83 

$330,163 72 

127,144 00 

79,634 37 

87,102 43 

28,808 98 

110,181 45 



$763,034 95 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year 
Perpetual risks in force . 
:30 



Premiums. 

$149,173,678 40 $2,713,255 67 
61,432,029 51 719,338 86 



$210,605,707 91 $3,432,594 53 
67,738,355 30 870,820 34 

$142,867,352 61 $2,561,77419 
$61,034,046 13 



234 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company . 
Cash dividends declared from organization of company 
Dividends declared during the year .... 
Fire losses incurred during the year .... 
■Company's stock owned by directors .... 



$19,866,252 51 
11,088,837 23 
. 3,708,000 00 
. 128,000 00 
. 330,163 72 
58,300 00 



GERMAN FIRE INSURANCE COMPANY, BALTIMORE, MD. 

[Incorporated March, 1865. Commenced business March, 1865.] 

Paid-up Capital, $500,000. 

Charles Webber, President. Secretary, Charles Webber, Jr. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 



United States bonds 

Maryland state bonds 

Baltimore city bonds 

Western Maryland Railroad bonds 

Canton county bonds 

North Central Railroad bonds . 

Marietta and Cincinnati Railroad bonds 

Baltimore and Ohio Railroad bonds 

German Bank stock 



Securities held as collateral for cash loans : — 



623 shares German Bank of Baltimore . 

4095 " German Fire Ins. Co., Baltimore 
20 " Teutonia Fire Ins. Co., Phila. 
20 " U. German Real Estate Company 
11 " Second National Bank, Baltimore 

Mortgage notes 



$75,000 00 
20,000 00 
30,000 00 
26,000 00 

115,000 00 

24,000 00 

53,500 00 

5,000 00 

40,000 00 



$78,562 50 
21,800 00 
33,300 00 
28,860 00 

106,950 00 

23,680 00 

44,538 75 

5,275 00 

32,000 00 



$388,500 00 $374,966 25 

Market value. Loaned thereon. 

$49,880 00 > 



57,330 00 

2,000 00 

300 00 

1,210 00 

75,000 00 



$84,433 37 

250 00 

1,200 00 

60,887 00 



8185,720 00 $146,770 37 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered estate 

Loans on mortgage of real estate (first liens) 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

■ Cash in the office of the company . 

deposited in German Bank 
Premiums hi course of collection (net) . 
Notes taken for fire risks 
Ground rents ...... 

Gross Assets ..... 

Deduct special deposits in other States . 

Balance . . . . . 



$48,645 00 

133,595 93 

374,966 25 

146,770 37 

1,265 44 

19,770 95 

7,274 90 

2,341 24 

59,833 33 



$794,463 41 
26,187 50 

$768,275 91 



1878.] 



INS. COS. OF OTHER STATES. 



235 



Liabilities. 

Losses claimed and reported 
disputed or resisted 

Total amount of losses 
Less re-insurance 

Net amount of unpaid losses 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies 
Dividends to stockholders, unpaid . 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 

Income 

Cash received for fire premiums . . . $153,822 65 

Deduct re-insurance and return premiums . 5,782 72 

Net cash received for fire premiums 

Interest and dividends received from all sourees 

Income from house and ground rents 



Gross Cash Income 



$3,000 00 
1,250 00 

$4,250 00 
1,850 00 

$2,400 00 

79,943 86 

8,989 57 

356 50 

$91,689 93 
4,427 00 



$87,262 93 

$681,012 98 
500,000 00 



8181,012 98 



$148,039 93 

31,932 81 

7,273 09 

$187,245 83 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employe's 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 



$27,602 63 
23 33 



$27,579 30 
40,000 00 
12,549 13 

9,988 00 
10,254 01 

6,256 55 

$106,626 99 



Fire risks outstanding Dec. 31, 1877 
written during 1878 . 



Risks and Premiums. 

Premiums. 

. $28,387,400 00 $132,034 81 
29,025,000 00 153,832 65 



Total 

Deduct risks expired and terminated 

In force at end of year 
Deduct amount re-insured 

Net amount in farce . 



$57,412,400 00 $285,867 46 
28,214,000 00 137,413 16 



$29,198,400 00 $148,454 30 
56,400 00 5,782 72 



$29,142,000 00 $142,671 58 



236 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (8 per cent) 
Fire losses incurred during the year . 
Company's stock owned by directors . 



81,306,783 00 

395,225 00 

243,000 00 

40,000 00 

30,000 00 

71,020 00 



GERMANIA FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated March, 1859. Commenced business March, 1859.] 

Paid-up Capital, 500,000. 

Rudolph Garrigue, President. Secretary, Hugo Schumann. 

Office, No. 175 Broadway. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 
New York city bonds 
New York county bonds . 
Brooklyn permanent water loan 
Brooklyn Park loan 
Kings county bonds 
Buffalo City Park bonds . 
Rochester city bonds 
National Park Bank stock 



Par value. 

$650,000 00 

85,000 00 

15,000 00 

26,000 00 

8,000 00 

16,000 00 

25,000 00 

4,000 00 

5,000 00 



Market value. 

§695,687 50 

88,995 00 

15,750 00 

27,560 00 

8,800 00 

16,640 00 

27,000 00 

4,600 00 

4,100 00 



$834,000 00 $889,132 50 



Securities held as collateral for cash loans : — 



328 shares National State Bank, Elizabeth 



20 
15 

7 
40 

58 



Sterling Fire Insurance Company . 
United States Express Company 
Western Union Telegraph Co. 
Germania Life Insurance Company, 
First National Bank, Jersey City . 



Market value. Loaned thereon. 

$16,400 00 

1,820 00 

675 00 ) 

665 00 i 

2,300 00 > 

5,800 00 > 



I S14,500 00 



1,000 00 



6,000 00 



$27,660 00 $21,500 00 



Summary of Assets, Dec. 31, 1878. 

Cash value of unencumbered real estate . . $74,418 43 

Loans on mortgage of real estate (first liens*), 547,100 00 

Interest due or accrued thereon . . . 16,056 00 

Stocks, bonds, etc., as per schedule . . 8S9,132 50 



* Value of lands mortgaged $452,900 00 

Value of buildings thereon 564,300 00 

Amount of insurance held as collateral . . . 515,550 00 



1878.] 



INS. COS. OF OTHER STATES. 



237 



Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (net) 
Mississippi deposit .... 
Gross Assets .... 
Deduct special deposits in other States 



Balance 



£1,500 00 
12,118 38 
45,201 63 

4,094 16 
61,704 70 

7,500 00 



-$1,678,828 80 
32,500 00 

$1,646,328 80 



Liabilities 

Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
State and local taxes (contested) 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 



$9,761 56 
$18,801 74 

28,574 58 

362,881 20 

4,386 00 

$424,405 08 
7,630 79 



416,774 29 

1,229,554 51 
500,000 00 

$729,554 51 



Income. 

Cash received for fire premiums . . . $635,096 69 
Deduct re-insurance and return premiums . 63,471 77 

Net cash received for fire premiums . . 

Interest received on mortgages . . .... 

Interest and dividends received from all other sources . 



$571,624 92 
39,143 20 
52,491 02 



Gross Cash Income $663,259 14 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employe's 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 



$201,390 97 
8,691 90 



$192,699 07 
110,000 00 
100,136 71 

76,860 67 
16,999 96 
98,928 98 



$595,625 39 



238 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Risks and Premiums. 

Premiums. 

$78,167,235 59 8816,015 11 
73,261,622 46 635,096 69 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$151,428,858 05 81,451,111 80 
76,315,088 84 707,991 54 



$75,113,769 21 $743,120 26 
1,780,744 00 15,253 20 



$73,333,025 21 $727,867 06 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year 

Fire losses incurred during the year 

Company's stock owned by directors 



$10,783,104 02 
5,019,930 72 
1,046,000 00 
110,000 00 
197,816 98 
70,750 00 



GERMAN AMERICAN INSURANCE COMPANY, NEW YORK. 

[Incorporated March 7, 1872. Commenced business March 7, 1872.] 

Paid-up Capital, 31,000,000. 

Emil Oelbermann, President. Secretary, James A. Silvey. 

Office, No. 179 Broadway. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds .... $1,500,000 00 $1,584,420 00 

Missouri state bonds, 6s 50,000 00 52,000 00 

Rhode Island state bonds, 6s . . . .50,000 00 54,000 00 

Rochester city bonds, 7s . . . . . 40,000 00 44.000 00 

Buffalo city bonds, 7s 25,000 00 27,000 00 

Yonkers city bonds, 7s 21,000 00 23,000 00 

Central Pacific Railroad bonds . . . 60,000 00 63,000 00 

Union Pacific Railroad bonds .... 60,000 00 63,000 00 

Chicago, R. I., and P. Railroad bonds . . 50,000 00 53,000 00 

New York Central Railroad bonds . . . 50,000 00 52,000 00 

Syracuse, Bing., and N. Y. Railroad bonds . 20,000 00 20,000 00 

N. Y. and Harlem Railroad stock . . . 50,000 00 70,000 00 



Securities held as collateral for cash loans : 



United States bonds 



$1,976,000 00 $2,105,420 00 

Market value. Loaned thereon. 

. $148,381 00 $123,800 00 



Summary of Assets, Dec. 31, 1878. 
Stocks, bonds, etc., as per schedule . $2,105,420 00 
Loans on collateral security, as per schedule . 123,800 00 



1878.] 



INS. COS. OF OTHER STATES. 



239 



Cash in the office of the company . 

deposited in various banks 
Premiums in course of collection (gross) . 
Premiums more than 3 months due . $1,084 42 

Gross Assets 

Deduct special deposits in other States . 



Balance 



$2,062 86 

145,275 89 

95,221 98 



-$2,471,780 73 
25,000 00 



$2,446,780 73 



Liabilities. 



Losses adjusted, unpaid . 

claimed and reported . 
disputed or resisted 

Total amount of losses . 
Less re-insurance 

Net amount of unpaid losses . 
Unearned premiums on outstanding 
Commissions and brokerage . 



risks 



Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 

Income 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 

Gross Cash Income . 



$22,560 90 
43,435 00 
11,861 09 

$77,856 99 
1,000 00 

$76,856 99 

560,840 81 

19,034 39 

$656,732 19 
4,140 58 



■ 652,591 61 

$1,794,189 12 
. 1,000,000 00 

. $794,189 12 



,052,007 50 
147,700 31 



$904,307 19 
117,465 75 



,021,772 94 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employe's 
for State and local taxes 
for incidental expenses . 

Gross Cash Expenditures . 



$446,444 93 
6,889 30 



$439,555 63 

100,000 00 

131,937 35 

83,797 66 

26,006 64 

95,397 52 

$876,694 80 



2i0 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$106,586,972 
129,925,611 



Premiums. 

00 31,029,669 30 
00 1,076,251 78 



8236,512,583 
114,666,098 



00 82,105,921 08 
00 998,045 30 



8121,846,485 
3,176,278 



00 81,107,875 78 
00 26,171 71 



8118,670,207 00 81,081,704 07 

Miscellaneous. 
Premiums received from organization of company . 



Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



6,472,805 97 
2,669,126 17 
540,000 00 
100,000 00 
417,653 07 
312,600 00 



GIRARD FIRE AND MARINE INSURANCE COMPANY. 
PHILADELPHIA, PENN. 

[Incorporated March, 1853. Commenced business May, 1853.] 

Paed-up Capital, 8300,000. 

Alfred S. Gillett, President. Secretary, Philander C. Royce. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds .... 
Philadelphia city bonds .... 
Louisville city bonds . . . 
St. Louis city and county bonds 
American Steamship Company bonds 
Union Pacific Railroad Company bonds . 
Pennsylvania Railroad Company bonds . 
Camden and Amboy Railroad Co. bonds 
North Pennsylvania Railroad Co. bonds . 
Lancaster and Reading Railroad Co. bonds 
Lehigh Navigation Company bonds 
Connecting Railroad Company bonds 
Susquehanna Coal Company bonds . 
Philadelphia and Erie Railroad Co. bonds 
Philadelphia and Reading Railroad Co. stock 
k it (i scrip 

" " " bonds 



Par value. 

$171,000 00 

17,800 00 

10,000 00 

10,000 00 

5,000 00 

5,000 00 

18,000 00 

17,000 00 

5,000 00 

10,000 00 

11,000 00 

10,000 00 

3,000 00 

15,000 00 

20,000 00 

1,750 00 

5,000 00 



Market value. 

1179,632 50 

21,126 00 
10,700 00 
10,800 00 

4,250 00 

5,450 00 
19,540 00 
18,395 00 

5,550 00 
10,000 00 
11,550 00 
10,500 00 

2,550 00 
15,800 00 

4,900 00 
B75 00 

2.250 00 



8334,550 00 $333,868 50 



1878.] 



INS. COS. OF OTHER STATES. 



241 



Securities held as collateral for cash loans : 

United States bonds .... 
Loan secured by bond and mortgage 
Loaned on personal security . 



Market value. 

$9,056 25 



Loaned thereon. 

$8,146 00 
4,600 00 
1,500 00 

$14,246 00 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*), 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule . 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in Philadelphia National Bank 
Interest due and accrued .... 
Premiums in course of collection (gross) . 
Rents due and accrued .... 
Perpetual insurance deposit 
Premiums more than 3 months due . $1,912 78 
Gross Assets ...... 

Liabilities. 

Losses claimed and reported . 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies 
Due and accrued for rent, salaries, etc. . 
State and local taxes .... 

Commissions and brokerage 

Return premiums ..... 

Re-insurance ...... 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital ..... 



$333,100 00 

352,666 65 

8,425 67 

333,868 50 

14,246 00 

1,437 88 

58,241 36 

228 17 

24,829 85 

2,894 37 

1,900 00 



Surplus over Capital 



$15,293 21 

217,008 83 

61,448 04 

2,222 56 

235 53 

5,347 05 

630 71 

312 01 



.,131,838 45 



- 302,497 94 

. $829,340 51 
. 300,000 00 



. $529,340 51 



Income. 

Cash received for fire premiums . . . $285,168 80 
Deduct re-insurance and return premiums . 20,552 43 

Net cash received for fire premiums . . $264,616 37 

Interest received on mortgages 24,911 26 

Interest and dividends received from all other sources . . 20,077 79 

Income from rents 11,471 28 



Gross Cash Income $321,076 70 



* Total value of property mortgaged 
Amount of insurance held as collateral 

31 



$916,635 00 
281,900 00 



242 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses .... 
Cash dividends paid ..... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidental expenses . 
Deposits returned on perpetual fire 
risks $817 40 

Gross Cash Expenditures 

Risks and Premiums. 



$117,273 01 
5,156 27 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Perpetual risks in force 



$43,910,092 00 
37,984,044 00 



$81,894,136 00 
40,625,442 00 



$41,268,694 00 
345,350 00 



$112,116 74 
60,000 00 
43,791 90 
32,412 00 
22,475 00 
23,127 41 



$293,923 05 

Premiums. 

$555,094 63 
284,059 46 

$839,154 09 
347,567 42 

$491,586 67 
3,295 05 



$40,923,344 00 $488,291 62 



$2,713,733 00 



Miscellaneous . 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year 
Fire losses incurred during the year . 
Company's stock owned by directors 



$4,650,897 80 

1,957,147 32 

583,331 00 

60,000 00 

110,776 97 

99,300 00 



GLEN'S FALLS INSURANCE COMPANY, GLEN'S FALLS, N.Y. 

[Incorporated May, 1849. Commenced business May, 1850.] 

Paid-up Capital, $200,000. 

R. M. Little, President. Secretary, J. L. Cunningham. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 
First National Bank stock 



Par value. Market value. 

. $425,000 00 $438,756 25 
10,000 00 15,000 00 



$435,000 00 $453,756 25 



1878.] 



INS. COS. OF OTHER STATES. 



243 



Securities held as collateral for cash loans : — 

20 shares First Nat'l Bank, Schuylerville 
160 shares First Nat'l Bank, Glen's Falls 
Bond and mortgage (first Hen) 



Market value. Loaned thereon. 

$1,200 00 $1,500 00 

12,000 00 8,000 00 

1,500 00 1,000 00 



Summary of Assets, Dec. 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Stocks, bonds, etc. , as per schedule . 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Premiums more than 3 months due, $1,708 33 
Gross Assets ..... 

Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 



Surplus over Capital 

Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Interest received on mortgages 
Interest and dividends received from all other 
Income from rents ..... 



Gross Cash Income .... 

Expenditures. 
Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 



$14,700 00 

31, 1878. 

$11,200 00 

335,111 76 

3,543 38 

453,756 25 

10,500 00 

623 72 

64,691 08 

52 50 

21,356 87 



$10,500 00 



f$900,835 56 



$6,196 45 

8,202 36 

5,150 00 

262,312 81 

3,633 08 



$300,936 29 
27,477 05 



sources 



$159,701 80 
213 97 



285,494 70 

$615,340 86 
200,000 00 

$415,340 86 



$273,459 -. 

25,753 92 

19,972 61 

339 00 

$319,524 77 



$159,487 83 
20,000 00 
48,455 55 



* Value of lands mortgaged $504,414 00 

Value of buildings thereon 388,486 00 

Amount of insurance held as collateral . . . 232,325 00 

f Including $200,000 special reserve fund, held under New York law. 



244 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash paid for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures .... 
Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$62,816,634 00 
32,029,707 00 

$94,846,341 00 
37,290,883 00 

$57,555,458 00 
144,124 00 



$18,426 02 

6,368 44 

15,960 11. 

$268,698 55 

Premiums. 

$585,587 44 
300,936 29 

$880. .'^ 73 

350,396 53 

$536,127 20 
1,207 81 



$57,411,334 00 $534,919 39 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . 

Company's stock owned by directors . 



83,534,488 21 

2,035,241 52 

230,000 00 

20,000 00 

153,586 62 

64,640 00 



GREAT WESTERN INSURANCE COMPANY, NEW YORK. 

[Incorporated September, 1855. Commenced business October, 1855.] 

Paid-up Capital, $662,080. 

Ferdinand Motz, President. Secretary, William T. Lockwood. 

Office, No. 50 Wall Street. 
Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds 

West Indies and Panama Telegraph stock 
Sandy Hook and City Island Telegraph stock, 
Mobile and Ohio Railroad bonds 



$687,000 00 $764,652 50 

10,000 00 2,000 00 

1,000 00 800 00 

15,400 00 2,310 00 



Summary of Assets, Dec 
Cash value of unencumbered real estate . 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 

deposited in various banks and with Eng 
lish bankers .... 

Premiums in course of collection 

Notes taken for marine and inland risks . 

Accounts due ...... 

Salvage claims ..... 

Gross Assets 



$713,400 00 $769,762 50 

31, 1878. 
$32,273 35 
769,762 50 
344 84 



24,739 40 
41,945 35 
44,156 51 
1,984 28 
31,773 00 
$946,979 23 



1878.] 



INS. COS. OF OTHER STATES. 



245 



Liabilities. 
Losses adjusted, unpaid ..... $9,826 00 

claimed and reported .... 56,600 00 

disputed or resisted .... 32,028 00 

Total amount of losses $98,454 00 

Less re-insurance . . . . . . 10,750 00 

Net amount of unpaid losses .... $87,704 00 

Unearned premiums on outstanding risks . 50,057 23 

Unpaid scrip ordered to be redeemed . . 2,775 00 

Interest due or accrued on scrip . . . 6,049 01 

Dividends to stockholders unpaid . . . 1,977 00 

Re-insurance due ...... 3,628 05 

Accounts due ....... 362 90 

Gross Liabilities, except Capital . . 

Surplus as regards Policy-holders 

Paid-up Capital ......... 

Surplus over Capital . 

Income. 

Cash received for marine and inland premiums, $398,417 03 
Deduct re-insurance and return premiums . 36,269 16 

Net cash received for marine and inl'd prems. 

Interest and dividends received from all sources 

Income from premium on sale of gold 



$152,553 19 

$794,426 04 
662,080 00 

$132,346 04 



2,147 87 

38,357 18 

341 93 



Gross Cash Income $400,846 98 



Expenditures. 

Cash paid for marine and inland losses . 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
Cash dividends paid .... 

Interest paid scripholders 
Cash paid for commissions and brokerage 
for salaries and incidentals 
in lieu of scrip dividends 



Gross Cash Expenditures .... 

Risks and Premiums. 



$269,712 55 
91,109 20 



$178,603 35 
66,054 20 
439 25 
23,891 27 
45,102 89 
66,542 57 

$380,633 53 



Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$3,249,817 00 $42,981 22 
35,008,313 00 422,867 09 



$38,258,130 00 $465,848 31 
33,782,111 00 411,346 28 



$4,476,019 00 $54,502 03 
364.967 00 4,444 80 



$4,111,052 00 $50,057 23 



246 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Marine and inland losses incurred during the year . 
Company's stock owned by directors 



$34,788,480 00 
24,142,942 64 
. 2,809,498 00 
66,208 00 
. 269,712 55 
. 227,400 00 



GUARDIAN FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated February, 1865. Commenced business February, 1865.] 

Paid-up Capital, $200,000. 

William C. Thompson, President. Secretary, Walter K. Paye. 

Office, No. 187 Broadway. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $200,000 00 8216,500 00 

Harlem River and Port Chester Railroad bonds, 15,000 00 16,200 00 



$215,000 00 $232,700 00 



Securities held as collateral for cash loans : 

15 shares Niagara Insurance Company . 
20 " Harlem Gas Company 

5 " Bowery Fire Insurance Company 
Milwaukee and St. Paul Railroad bond . 



Market value. Loaned thereon. 

$900 00 $500 00 

400 00 I 

500 00 ) 
1,000 00 200 00 



600 00 



$2,800 00 $1,300 00 



Summary of Assets, Dec. 31, 1878. 
Loans on mortgage of real estate (first liens*), $23,800 00 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in Chatham National Bank 
Interest due and accrued 
Premiums in course of collection (gross) 
Premiums more than 3 months due . $749 50 
Gross Assets 

Liabilities. 
Losses claimed and reported . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. . 



808 83 




. 232,700 00 




1,300 00 




2,262 38 




6,053 28 




59 50 




8,911 48 




j 


$275,895 47 




$5,600 00 




32,901 60 




800 00 





* Value of lands mortgaged $27,000 00 

Value of buildings thereon 40,000 00 

Amount of insurance held as collateral . . , 32,300 00 



1878.] 



INS. COS. OF OTHER STATES. 



247 



State and local taxes 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 

Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Cash received for marine and inland premiums 

Interest received on mortgages 

Interest and dividends received from all other sources 

Income from other sources 

Gross Cash Income $82,175 22 



$450 00 
800 00 


$40,551 60 




. 


$235,343 87 
200,000 00 


. $78,058 22 
9,513 57 


$35,343 87 

$68,544 65 

593 75 

1,651 00 

11,311 87 

73 95 


r sources . 



Expenditures. 

Cash paid for fire losses .... 

for marine and inland losses . 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for rent and incidentals . 



Gross Cash Expenditures . 



$28,816 31 

119 63 

14,000 00 

12,024 01 

17,285 00 

472 63 

9,075 91 

$81,793 49 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of vear 



. $11,094,950 00 
12,361,516 00 


Premiums. 

$71,847 04 
78,058 22 


$23,456,466 00 
13,074,750 00 


$149,905 26 
83,165 92 


10,381,716 00 
398,500 00 


66,739 34 
2,504 00 


9,983,216 00 

$9,500 00 
16,250 00 


64,235 34 

252 50 

593 75 


$25,750 00 
9,500 00 


$846 25 
252 50 



,250 00 



$593 75 



248 FIRE, MARINE, AND FIRE-MARINE [Dec. 81, 

MISCELLANEOUS. 

Premiums received from organization of company . 91,105,722 02 

Losses paid from organization of company .... 664,100 70 

Cask dividends declared from organization of company . 171,000 00 

Dividends declared during the year (7 per cent) . . . 14,000 00 

Fire losses incurred during the year ..... 24,921 47 

Marine and inland losses incurred during the year . . 119 63 

Company's stock owned by directors 67,000 00 



HANOVER FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated April, 1852. Commenced business April, 1852.] 
Paid-up Capital, £500,000. 
Benjamin S. Walcott, President. Secretary, I. Remsen Lane. 

Office, No. 120 Broadway. 

Detailed Statement of Stocks, 

United States bonds 
Brooklyn city bonds 
Connecticut state bonds . 
New York Central Railroad bonds, 6s 
New York and Harlem Railroad bonds 
75 shares Metropolitan National Bank 
150 " American Exchange Nat'l Bank 
100 " Central Trust Company . 



stocks, Bonds, Etc 




Par value. 


Market value. 


$1,060,000 00 $1,106,987 50 


. 50,000 00 


.<)00 00 


. 20,000 00 


21.200 00 


. 30,000 00 


31,275 00 


. 25,000 00 


30,250 00 


7.500 00 


8,700 00 


ank . 15,000 00 


15,150 00 


. 10,000 00 


11,000 00 



81,217,500 00$1,282,562 50 



Securities held as collateral for cash loans : — 



150 shares Metropolitan National Bank 
25 " Hanover National Bank 
United States bond, 6s 
Oregon war bond 
United States 5-20 bond . 

" " bond, 4s 

11 " 5-20 bond, registered 

Union Pacific Railroad S. F. bonds 
6 shares Metropolitan National Bank 



Market value. 


Loaned thereon. 


817,400 00 


815,000 00 


. 2.575 00 


1.500 00 


. 1,095 00 > 
. 2.737 50) 


3,150 00 


. 1,053 75) 
. 100 50 \ 


1,000 00 


.25,593 75 


22,500 00 


1.0S5 00 


900 00 


. 696 00 


500 00 



852,336 50 $44,550 00 



Summary of Assets, Dec. 31, 1878. 

Cash value of unencumbered real estate . . 82.725 95 
Loans on mortgage of real estate (first Hens*), $199,750 00 



* Value of lands mortgaged $167,000 00 

Value of buildings thereon 262,000 00 

Amount of insurance held as collateral . . 210,450 00 



1878.] 



INS. COS. OF OTHER STATES. 



249 



Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company 

deposited in various banks 
Interest due and accrued . 
Premiums in course of collection (gross) 
Re-insurance due . 
Premiums more than 3 months due . $862 15 

Gross Assets . 
Deduct special deposits in other States 



Liabilities. 



Balance . 

Losses adjusted, unpaid . 

claimed and reported 
disputed or resisted 

Total amount of losses 
Less re-insurance 



Net amount of unpaid losses . 

Unearned premiums on outstanding risks 

State and local taxes 

Commissions and brokerage 

Return premiums . 

Due agents .... 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits in other 
States ...... 

Surplus as regards Policy-holders 
Paid-up Capital ..... 



$1,797 71 

1,282,562 50 

44,550 00 

7,036 66 

70,581 09 

2,656 36 

72,124 50 

12 05 



-$1,683,796 82 
. 33,718 75 

$1,650,078 07 



$18,666 63 
32,365 33 
28,924 58 

$79,956 54 
975 00 



$78,981 54 

419,741 18 

306 61 

6,533 22 

2,317 25 

18 18 

$507,897 98 
7,630. 79 



500,267 1£ 

,149,810 88 

500,000 00 

Surplus over Capital $649,810 88 

Income. 

Cash received for fire premiums . . . $657,319 78 
Deduct re-insurance and return premiums . 56,517 76 

Net cash received for fire premiums . . $600,802 02 

Interest received on mortgages . . .... 12,846 83 

Interest and dividends received from all other sources . . 73,165 94 

Gross Cash Income $686,814 79 



Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses 
Cash dividends paid .... 

32 



$281,248 39 
9,281 12 



$271,967 27 
50,000 0O 



250 



FIRE, MARINE. AND FIRE-MARINE [Dec. 31, 



h paid for commissions and brokerage 

for salaries of officers aud employes 
for State and local taxes . 
for incidental expenses 



Gross Cash Expenditures 



$96,197 75 

.910 40 

15,605 36 

121.760 07 

8603,440 85 



Fire risks outstanding Dec. 31. 



written during ] 



Risks and Premiums. 

Premiums. 

$89,517,686 97 $939,655 68 
78,648,366 57 659,857 14 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$168,166,053 54 81,599,5.. 
81,705,953 07 746,341 30 



886,460,100 47 8853.171 52 
1,668,820 40 11.107 20 



791,280 07 8842,064 32 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company . 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent): 
Fire losses incurred during the year .... 
Company's stock owned by directors .... 



89,476,4' 
4,923,791 99 
884,500 00 

50,000 
271,999 04 
144,100 00 



HARTFORD FIRE INSURANCE COMPANY. HARTFORD, COXN. 

[Incorporated May, 1S10. Commenced business Auanst, 1810.] 

Paid-up Capital, 31,250,000. 

George L. Chase, President. Secretary, J. D. Bkowne. 

Detailed Statement of Stocks, Bonds. Etc. 

Par value. Market value. 

Hartford National Bank, Hartford . . $51,100 00 $75,628 00 

Pncenix National Bank, Hartford . . 46.700 00 .934 00 

Connecticut River Bank, Hartford . . 5.000 00 3.000 00 

American National Bank, Hartford . . 15.000 00 17.7u0 00 

Charter Oak National Bank, Hartford . 20.000 00 25,400 00 

Farmers" and Mechanics' Nat"l B'k, Hartf'd, 200 00 20,334 00 

Mercantile National Bank, Hartford . . 15,000 00 ^.000 00 

First National Bauk, Hartford . . . 17.200 00 15.S24 00 

.Etna National Bank. Hartford . . . 31,500 00 35.910 00 

City National Bank, Hartford . . . 20,800 00 15,600 00 

Conn. Trust and Safe Deposit Co., Hartford, 23.000 00 17.250 00 

American Exchange Nat'l Bank. New York, 20.000 00 20,200 00 

National Bank of Commerce, New York . 10,000 00 11,800 00 

Importers" and Traders' Nat'l B'k. New York, 30,000 00 62.100 00 



1878.] 



INS. COS. OF OTHER STATES. 



251 



Bank of America, New York 

Manhattan Company Bank, New York 

Merchants' National Bank, New York 

Union National Bank, New York 

Bank of North America, New York 

Metropolitan National Bank, New York 

Blackstone National Bank, Boston 

National Bank of Commerce, Boston . 

Second National Bank, Boston . 

Hide and Leather National Bank, Boston 

Atlantic National Bank, Boston 

First National Bank, Boston 

Boylston National Bank, Boston 

Merchants' Bank (in liquidation), St. Louis 

Union National Bank, Albany 

First National Bank, Albany 

Montreal Bank, Montreal . 

Ontario Bank, Bowmansville 

Connecticut River Company 

Connecticut River Railroad . 

New York, New Haven, and Hartford R.R 

Hannibal and St. Joseph Railroad 

Lake Shore and Michigan Southern R.R. 

United States registered 1881 bonds, 6s 

United States gold bonds, 4^-s 

Memphis city bonds, 6s 

Tennessee state bonds, 6s . 

Alabama state bonds (class A) 

South Carolina consols 

Toledo (O.) water works bonds, 8s 

Watertown (N.Y.) town bonds, 7s 

Harlem R. and P't Ches. R.R. Co. (guar.) 7s 

City of New Brunswick (N.J.) bonds, 7s 

Pawtucket (R.I.) town bonds, 7s 

Dubuque (la.) city bonds, 6s 

Terre Haute (Ind.) bonds, 8s 

Des Moines (la.) city bonds, 7s . 

Oswego (N.Y.) city certificates, 7s 



$30,000 00 

10,000 00 

16,700 00 

8,000 00 

7,000 00 

22,500 00 

10,600 00 

4,300 00 

10,900 00 

2,400 00 

3,900 00 

10,000 00 

12,500 00 

10,000 00 

6,200 00 

5,000 00 

30,000 00 

13,000 00 

12,000 00 

2,000 00 

70,000 00 

20,000 00 

20,000 00 

56,800 00 

200,000 00 

1,000 00 

33,000 00 

10,000 00 

11,500 00 

5,000 00 

3,500 00 

50,000 00 

45,000 00 

75,000 00 

25,000 00 

29,000 00 

50,000 00 

25,000 00 



$39,000 00 

13,200 00 

20,541 00 

11,680 00 

4,970 00 

26,325 00 

9,858 00 

3,440 00 

14,170 00 

2,424 00 

4,875 00 

17,000 00 

12,625 00 

3,200 00 

6,820 00 

7,500 00 

41,700 00 

8,970 00 

3,000 00 

2,740 00 

112,700 00 

2,700 00 

13,900 00 

60,492 00 

209,000 00 

1,000 00 

11,100 00 

4,475 00 

9,315 00 

5,250 00 

3,500 00- 

59,000 00 

47,250 00 

87,000 00 

23,250 00 

29,290 00 

50,000 00 

25,000 00 



$1,280,300 00 $1,418,040 00 



Summary of Assets, Dec. 31, 1878. 

Cash value of unencumbered real estate . $614,175 60 

Loans on mortgage of real estate (first liens*), 759,116 57 

Interest due or accrued thereon . . . 30,861 63 

Stocks, bonds, etc., as per schedule . . 1,418,040 00 



* Value of lauds mortgaged $850,000 00 

Value of buildings thereon 773,500 00 

Amount of insurance held as collatei'al . . . 552,000 00 



252 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash in the office of the company 

deposited in banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Rents due and accrued 
Tax due from non-resident stockholders 
Gross Assets ..... 
Deduct special deposits in other States 



Liabilities. 

Losses claimed and reported 
disputed or resisted . 
Unearned premiums on outstanding risks 
Commissions and brokerage 

Gross Liabilities, except Capital . 
Deduct liabilities on special deposits . 

Surplus as regards Policy-holders . 
Paid-up Capital 



81,070 15 

265,339 52 

19,338 35 

240,076 70 

1,971 32 

8,698 00 



$3,358,687 84 
119,979 60 

$3,238,708 24 



$132,891 06 

31,015 93 

1,060,424 76 

22,800 00 

51,247,131 75 
69,501 90 



Surplus over Capital 

Income. 

Cash received for fire premiums . . . $1,608,059 52 
Deduct re-insurance and return premiums . 100,048 60 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources 
Income from rents and gold premiums .... 

Gross Cash Income . . ... 

Expenditures. 
Cash paid for fire losses .... 

Cash dividends paid 

Cash paid for commissions and brokerage . 

for salaries of officers and employes 

for State and local taxes 

for incidental expenses 

Gross Cash Expenditures 

Risks and Premiums. 
Fire risks written during 1878 . . $141,241,610 00 
Deduct risks expired and terminated . $138,587,589 00 

Tn force at end of year . . . $188,039,953 00 



1,177,629 85 

$2,061,078 39 

1,250,000 00 

$811,078 39 



$1,508,010 92 
45,518 30 
92,948 84 
16,394 51 

$1,662,872 57 



1822,077 71 

254,893 00 

219,169 29 

114,322 36 

35,109 65 

108,294 28 

$1,553,866 29 

Premiums. 

$1,508,010 92 
$1,557,770 61 
$2,162,18S 13 



1878.] 



INS. COS. OF OTHER STATES. 



253 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company . 
Cash dividends declared from organization of company 
Dividends declared during the year .... 
Fire losses incurred during the year .... 
Company's stock owned by directors .... 



$34,229,375 30 

22,023,419 74 

3,563,100 00 

250,000 00 

812,820 89 

173,200 00 



HOFFMAN FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated May, 1864. Commenced business May, 1864.] 

Paid-up Capital, $200,000. 

M. F. Hodges, President. Secretary, John D. Macintyre. 

Office, No. 130 Broadway. 
Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $130,000 00 $133,943 75 

N. Y. Central and Hud. River R.R. Co. stock, 20,000 00 22,800 00 

American Exchange National Bank . . 10,000 00 10,000 00 

Bank of the Metropolis . . . . . 7,500 00 7,500 00 



Securities held as collateral for cash loans : — 

9 shares Bank of New York .... 
49 shares Star Fire Insurance Company . 



$167,500 00 $174,243 75 

Market value. Loaned thereon. 

$1,080 00 $950 00 

5,390 00 2,800 00 



$6,470 00 $3,750 00 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*), 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule. 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in various banks 

Interest due and accrued 

Premiums in course of collection (gross) 

Premiums more than 3 months due . $467 83 

Gross Assets 



Liabilities. 



Losses adjusted, unpaid . 

claimed and reported 



$29,865 12 

125,493 00 

3,336 50 

174,243 75 

3,750 00 

3,129 47 

17,149 68 

442 00 

9,016 40 



$5,340 76 
12,596 71 



$366,425 92 



* Value of lands mortgaged $110,000 00 

Value of buildings thereon 114,000 00 

Amount of insurance held as collateral . . . 91,500 00 



254 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Unearned premiums on outstanding risks 
State and local taxes .... 
Commissions and brokerage . 
Return premiums ..... 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital ..... 



$67,273 84 

1,800 00 

455 92 

111 60 



$87,578 83 

. $278,847 09 

. 200,000 00 

Surplus over Capital $78,847 09 

Income. 

Cash received for fire premiums . . . $139,581 12 
Deduct re-insurance and return premiums . 17,663 89 

Net cash received for fire premiums . . $121,917 23 

Cash received for marine and inland premiums . . . 125 00 

Interest received on bonds and mortgages .... 10,573 37 

Interest and dividends received from all other sources . . 9,262 49 

Gross Cash Income $141,878 09 



Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for rents and incidentals . 

Gross Cash Expenditures . 

Risks and Premium*. 



$76,143 01 
1,106 52 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 



$14,077,250 11 
14,915,776 01 

$28,993,026 12 
15,136,560 99 

$13,856,465 13 
429,584 01 



".,036 49 
20,000 00 
18,673 29 
20,300 00 

1,153 57 
15,855 15 

$151,018 50 



Premiums. 

$138,209 80 
141,735 30 

$279,945 10 
141,456 73 

$138,488 37 

3,948 56 



Net amount in force 

Marine risks outstanding Dec. 31, 1877 . 
written during 1878 . 


$13,426,881 12 

$14,000 00 
2,500 00 


$134,539 81 

8577 50 
125 00 


Total 

Deduct risks expired and terminated 


$16,500 00 
14,000 00 


$702 50 
577 50 



In force at end of year 



12,500 00 8125 00 



1878.] 



INS. COS. OF OTHER STATES. 



255 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company- 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year .... 

Company's stock owned by directors .... 



$1,962,635 29 

1,249,395 54 

130,000 00 

20,000 00 

86,413 76 

60,850 00 



HOME INSURANCE COMPANY, NEWARK, N 

[Incorporated March 24, 1869. Commenced business July 1, 1873. 
Paid-up Capital, $200,000. 
William Robotham, President. Secretary, William R. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. 

United States bonds .... 
Citizens' Gas Light Company stock 
Montclair Gas and Water Company stock 
Essex county bonds .... 

Newark city bonds . 
National State Bank stock 



Freeman. 



Market value. 

$52,625 00 
17,655 00 
8,925 00 
2,200 00 
1,060 00 
1,000 00 

$79,000 00 $83,465 00 



$50,000 00 
16,500 00 
8,500 00 
2,000 00 
1,000 00 
1,000 00 



Securities held as collateral for cash loans : — 

American Trust Company stock 
Trenton Gas Light Company stock . 
Western Union Telegraph Company 
Hibernia Ins. Co. stock, bond, and mortgage . 



Market value. Loaned thereon. 

$3,000 00 $1,500 00 

1,296 00 600 00 

573 00 450 00 

6,000 00 4,000 00 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in National State Bank . 
Interest due and accrued 
Premiums in course of collection (gross) 
Premiums more than 3 months due, $65 00 
Gross Assets ...... 



$44,784 99 

107,075 00 

5,661 82 

83,465 00 

6,550 00 

221 31 

9,503 30 

180 72 

4,911 18 



$10,869 00 $6,550 00 



$262,353 32 



* Value of lands mortgaged $170,560 00 

Value of buildings thereon 106,200 00 

Amount of insurance held as collateral .... 71,400 00 



256 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 
Losses adjusted, unpaid $3,202 21 

claimed and reported .... 3,000 00 

disputed or resisted .... 2,461 84 

Total amount of losses $8,664 05 

Less re-insurance ...... 744 28 

Net amount of unpaid losses . . . . $7,919 77 

Unearned premiums on outstanding risks . 28,838 29 

Due for borrowed money .... 15,000 00 

Commissions and brokerage .... 736 68 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 

Surplus over Capital 

Income 
Cash received for fire premiums . . . $56,674 95 

Deduct re-insurance and return premiums . 3,776 74 

Net cash received for fire premiums 

Cash received for marine and inland premiums, $45,520 34 

Deduct re-insurance and return premiums . 3,574 54 

Net cash received for marine and inl'd prems 

Interest received on mortgages 

Interest and dividends received from all other sources 

Received for calls on capital . $50,000 00 



Gross Cash Income 



EXPENDITURES. 

Cash paid for fire losses .... 

for marine and inland losses, . 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidental expenses 

Gross Cash Expenditures . 



Risks and Premiums. 



$32,814 62 
1,177 37 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



6,173,490 00 
7,440,184 00 



852,494 74 

$209,858 58 
200,000 00 

$9,858 58 



J, 898 21 

811,945 80 
7,277 32 
6,212 87 

§108,334 20 
829,681 24 



31,637 25 

14,017 70 

5,865 88 

1,217 10 

7,977 26 

890,396 43 



Premiums. 

$62,686 11 
66,463 58 



$13,613,674 00 $129,149 69 
. 7,907,707 00 71,8S8 23 



. 5,705,967 00 
. 132,183 00 



57,261 46 
1,082 29 



$5,573,784 00 $56,179 17 



1878.] 



INS. COS. OF OTHER STATES. 



257 



Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 



$786,064 00 $13,002 97 
2,951,518 00 35,716 12 



£3,737,582 00 $48,719 09 
3,579,401 00 45.144 55 



$158,181 00 
158,181 00 



$3,574 54 
3,574 54 



Miscellaneous. 

Premiums received from organization of company . . $299,070 62 

Losses paid from organization of company .... 121,621 66 

Cash dividends declared from organization of company . 62,000 00 

Fire losses incurred during the year . . . . . 32,157 95 

Marine and inland losses incurred during the year . . 31,637 25 

Company's stock owned by directors 84,000 00 



HOME INSURANCE COMPANY, NEW YORK. 

[Incorporated April, 1853. Commenced business April 13, 1853.] 

Paid-up Capital, $3,000,000. 

Charles J. Martin, President. Secretary, John H. Washburn. 

Office, No. 135 Broadway. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 

Mississippi treasury warrants 

New York city bonds 

Brooklyn city certificates 

Watertown city bonds 

100 shares Hanover National Bank 



200 
80 
250 
225 
200 
300 
160 
200 
100 
150 
200 
200 



American Exchange National B'k 
Fourth National Bank . 
St. Nicholas National Bank . 
Metropolitan National Bank . 
Mercantile National Bank 
Merchants' Exchange National B'k 
Chatham National Bank 
National Bank of the Republic 
National Bank of Commerce . 
Nat'l Butchers' and Drovers' Bank 
Bank of America . 
Manhattan Company 



33 



Par value. 

,000,000 00$ 
20,Q00 00 
87,800 00 
50,000 00 
70,000 00 
10,000 00 
20,000 00 

8,000 00 
25,000 00 
22,500 00 
20,000 00 
15,000 00 

4,000 00 
20,000 00 
10,000 00 

3,750 00 
20,000 00 
10,000 00 



Market value. 

3,226,125 00 
20,000 00 
90,428 00 
51,500 00 
73,850 00 
10,000 00 
20,000 00 

7,600 00 
17,750 00 
26,100 00 
16,600 00 
10,125 00 

4,040 00 
16,500 00 
11,700 00 

3,750 00 
25,600 00 
13,000 00 



$3,416,050 00 $3,644,668 00 



258 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Securities held as collateral for cash loans : - 

20 shares St. Nicholas National Bank . 
United States bonds .... 

3 shares New Jersey Zinc Company 
350 " St. Nicholas National Bank . 
227 " Union Trust Company . 

20 " St. Nicholas National Bank . 
100 " N. Y. Central and Hudson R. R.I 
402 " Long Island Bank . 
200 " Lake Shore and Mich. So. R.R. 
Fonda, J., and G. R.R. bonds 
Gloversville and N. R.R. bonds 

75 shares National Bank of the Republic 
104 " People's Bank 

20 " Safe Deposit Company . 

50 " Central Trust Company . 

37 " Continental Insurance Company 
100 " Morris and Essex Railroad 
United States bonds .... 

14 shares Honesdale National Bank 
100 " Chicago and R. I. Railroad . 
200 " Illinois Central Railroad Company 
200 " Chicago and R. I. Railroad . 

44 " St. Nicholas National Bank . 

8 " N. Y. , Providence, and Boston R.R 
200 " Chicago and R. I. Railroad . 
110 " Illinois Central Railroad 
112 " National Bank of the Republic 
Columbus and Hocking Valley R.R. bonds 

62 shares National Bank of the Republic 
United States bonds .... 
2 shares Fourth National Bank . . . 
Winona and St. Peter Railroad bond 

61 shares St. Nicholas National Bank . 

11 " National Bank of Commerce . 
United States bonds .... 

40 shares Brooklyn Gas Light Company 

49 " Long Island Bank . 
New Haven and Northampton Co. bonds 
Sandusky city bonds, 8s . 



Market value. Loaned thereon. 


$1,420 00 


$1,200 00 


5,325 00 ) 
150 00 ) 


4,750 00 


24,850 00 


20,000 00 


26,105 00 7 
1,420 00 > 


24,280 00 


11,300 00 


5,700 00 


20,100 00 


18,000 00 


14,200 00 


3,885 47 


51,750 00 > 
12,000 00 > 


50,000 00 


6,187 50^ 




3,640 00 [■ 


9,000 00 


550 00 ) 




5,250 00 ) 
6,512 00 ) 


5,000 00 


3,750 00 


2,000 00 


3,625 00 


3,300 00 


980 00 


500 00 


12,200 00 ) 
, - 15,950 00 > 


23,000 00 


24.400 00-) 
3,124 00 [ 




20,000 00 


960 00 ) 




24,400 00 } 
8,772 50 [ 
9,240 00 ) 




32,000 00 




2,080 00 


1,250 00 


5,115 00 


4,500 00 


3,650 00 


3,000 00 


190 00 


170 00 


2,075 00 


1,500 00 


4,331 00 


3,660 00 


1,287 00 


1,000 00 


1,492 50 


1,300 00 


1,190 00) 
2,450 00 > 


1,500 00 


1,000 00 


800 00 


1,000 00 


900 00 



$324,021 50 8242,195 47 



Summary of Assets, Dec. 31, 1878. 

Cash value of unencumbered real estate . . $104,430 87 
Loans on mortgage of real estate (first liens*), 2,056,836 33 

* Value of lands mortgaged $2,438,750 00 

Value of buildings thereon 2,042,550 00 

Amount of insurance held as collateral . . . 1,647,410 00 



1878.] 



INS. COS. OF OTHER STATES. 



259 



Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash deposited in various banks 

Interest due and accrued 

Premiums in course of collection (net) 

Prems. more than 3 months due . $4,061 69 

Gross Assets ..... 
Deduct special deposits in other States . 



Balance $6,293,617 40 



$54,587 37 
3,644,668 00 
242,195 47 
117,432 64 
13,695 93 
156,505 79 



-$6,390,352 40 
96,735 00 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 
disputed or resisted 

Total amount of losses . 

Less re-insurance .... 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
State and local taxes 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards Policy-holders 
Paid-up Capital .... 



$31,813 36 

187,427 47 

24,797 12 



$244,037 95 
4,515 31 

$239,522 64 

1,766,771 00 

20,569 82 



$2,026,863 46 
56,352 48 



1,970,510 98 



$4,323,106 42 
3,000,000 00 



$2,629,857 14 
263,256 80 



Surplus over Capital 

Income 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest received on mortgages 

Interest and dividends received from all other sources . 

Gross Cash Income 

Expenditures. 

Cash paid for fire losses $1,238,912 65 

Deduct salvage and re-insurance . . . 31,234 16 

Net cash paid for fire losses .... 

Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidental expenses . 

Gross Cash Expenditures , , , 



.,323,106 42 



$2,366,600 34 
141,398 58 
186,826 93 



1,694,825 85 



$1,207,678 49 
301,995 00 
444,147 95 
245,348 11 
36,943 81 
185,905 02 



$2,422,018 38 



260 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



8341,433,940 00 
344,383,763 00 

8085,817,703 00 
335,471,476 00 

8350,346,227 00 
6,214,792 00 



Premiums. 

$3,545,269 00 
2,629,857 14 

86,175,126 14 
2.637,049 04 

83,538,077 10 
73,724 10 



8344,131,435 00 83,464,353 00 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company . 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) 
Fire losses incurred during the year .... 
Company's stock owned by directors .... 



.887,470 88 

28,487,370 23 

4,615,000 00 

300,000 00 

1,192,804 71 

510,000 00 



HOWARD INSURANCE COMPANY, NEW YORK. 

[Incorporated March 16, 1825. Commenced business April 19, 1825.] 

Paid-up Capital, 8500,000. 

Henry A. Oakley, President. Secretary, Charles A. Hull. 

Office, No. 66 Wall Street. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds .... 

Illinois state bonds 

New York county bonds .... 
New York city bonds .... 
United New Jersey R.R. and Canal bonds 
Del. and Hudson Canal Co. 1st mort. bonds 
Metropolitan National Bank stock . 
Phenix National Bank stock . 
American Exchange National Bank stock 
National Bank of Commerce stock . 
New York Gas Light Company stock 
Manhattan Gas Light Company stock 



Securities held as collateral for cash loans: — 



13 shares Merchants' National Bank 



Par value. Market value. 

§380,000 00 §42S,332 00 
1,000 00 1,000 00 



5,000 00 

20,000 00 

4,000 00 

57,000 00 

7,500 00 

2,800 00 

16,000 00 

2.800 00 

5,000 00 

2.500 00 



5,250 00 

21,300 00 

4.320 00 

57,000 00 

8,775 00 

2,660 00 

16,320 00 

3,360 00 

4,500 00 

"5 00 



§503,600 00 $556,692 00 

Market value. Loaned thereon. 

8780 00 00 



1878.] 



INS. COS. OF OTHER STATES. 



261 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) , 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company 
deposited in various banks 
Interest due and accrued 
Premiums in course of collection (net) . 
Rents due and accrued .... 
Premiums more than 3 months due . $42 90 
Gross Assets 



$115,000 00 

41,950 00 

548 92 

556,692 00 

600 00 

303 93 

18,105 53 

3,992 30 

20,878 95 

1,416 67 



$759,488 30 



Liabilities. 
Losses claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 



Income 

Cash received for fire premiums . . . $193,418 01 
Deduct re-insurance and return premiums . 15,530 93 

Net cash received for fire premiums . . 

Cash received for marine and inl'd premiums . $29,566 52 
Deduct re-insurance and return premiums . 15,787 72 

Net cash received for marine and inl'd prems. 

Interest received on mortgages . . .... 

Interest and dividends received from all other sources . 
Income from rents . . . 



$20,431 82 

1,000 00 

102,878 41 



124,310 23 

$635,178 07 
500,000 00 

$135,178 07 



$177,887 08 



$13,778 80 

2,773 50 

31,237 71 

3,484 98 



Gross Cash Income $229,162 07 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses . 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid .... 



$63,122 54 
1,070 47 

$15,258 45 
8,609 32 



$62,052 07 



$6,649 13 
50,000 00 



* Value of lands mortgaged . 
Value of buildings thereon . 
Amount of insurance held as collateral 



$60,000 00 
72,000 00 
25,500 00 



262 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for interest on borrowed money 
for incidental expenses . 



Gross Cash Expenditures .... 
Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks written during 1878 . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 



$23,238,720 00 
27,462,824 00 

$50,701,544 00 
26,196,487 00 

$24,505,057 00 
660,203 00 



$25,939 88 

32,220 22 

5,548 35 

79 58 

24,119 65 

$206,608 88 

Premiums. 

$195,216 11 
195,045 58 

$390,261 69 
185,233 51 



$205,028 18 
3,952 41 



$23,844,854 00 $201,075 77 



$9,862,829 00 
4,710,557 00 

$5,152,272 00 
5^52,272 00 



$29,566 52 
13,985 63 

$15,580 89 
15,580 89 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . 
Marine and inland losses incurred during the year 
Company's stock owned by directors . 



$6,416,894 00 

4,314,819 00 

2,005,875 00 

50,000 CO 

64,571 89 

6,649 13 

78,650 00 



PRESIDENT AND DIRECTORS OF THE INSURANCE COM- 
PANY OF NORTH AMERICA, PHILADELPHIA, PENN. 

[Incorporated April 14, 1794. Commenced business, 1794.] 

Paid-up Capital, $2,000,000. 

Chakles Platt, President. Secretary, Matthias Maris. 

Office, No. 232 Walnut Street. 



United States bonds 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. .Market value. 

$1,100,000 00 81,170,250 00 



Baltimore city loan . 
Pennsylvania state loan 
New Jersey state bonds 
Delaware state bonds 



200,000 00 

509,000 00 

54,000 00 

10,000 00 



200,000 00 

564,870 00 

5S,S60 00 

10,500 00 



1878.] 



INS. COS. OF OTHER STATES. 



263 



Connecticut state bonds $52,000 00 

South Carolina state bonds .... 11,000 00 

Philadelphia city bonds, 6s ... 100,000 00 

Pittsburg city bonds, 7s 50,000 00 

Cincinnati city bonds 60,000 00 

Indianapolis city bonds, 7 t 3 qS .... 30,000 00 

Hartford city bonds, 6s 50.000 00 

Rochester city bonds, 7s . . . . 25,000 00 

Columbus city bonds, 8s 13,000 00 

Fall River city bonds, 5s (gold) . . . 30,000 00 

Toledo city bonds, 8s 21,000 00 

Harrisburg city bonds, 6s ... . 15,000 00 

Providence city bonds, 4s (gold) . . . 25,000 00 

Newark city bonds, 7s 20,000 00 

Cleveland city bonds, 7s 39,000 00 

Boston city bonds, 6s 200,000 00 

Williamsport city bonds, 6s . . . . 3,000 00 

Dayton city bonds, 8s 11,000 00 

Burlington city bonds, 8s ... 12,000 00 

Bellefonte borough bonds, 6s . . . . 6,000 00 

Pennsylvania R.R. Co. mortgage bonds, 6s . 50,000 00 

Delaware Railroad loan, guaranteed . . 25,000 00 

Chesapeake and Delaware Canal Co. bonds, 6s, 37,000 00 

North Pennsylvania Railroad bonds . . 35,000 00 

Belvidere and Delaware Railroad mort. bonds, 50,000 00 

Delaware Division Canal Company bonds, 6s . 15,000 00 
Delaware and Raritan Canal Co. and C. and 

A. R.R. and Transportation Company . 11,000 00 

Lehigh Coal and Navigation Company bonds . 14,000 00 

Lehigh Valley Railroad Company bonds . . 75,000 00 

Penn. and N. Y. Canal and R.R. bonds, guar. 30,000 00 

American Steamship Company bonds . . 40,000 00 

Phila. and Reading Railroad Company bonds . 83,000 00 

Penn. Railroad Co. consol. mortgage bonds . 100,000 00 

Lehigh Valley Railroad Co. mortgage bonds . 50,000 00 

Little Schuylkill Nav. and R.R. Co. bonds . 30,000 00 

Philadelphia and Reading Railroad Co. bonds, 50,000 00 

William Cramp & Sons' dry docks bonds . 29,000 00 

Phila., Wil., and Baltimore Railroad bonds . 39,000 00 

Steam-tug " North America " . . . 50,000 00 

100 shares Philadelphia National Bank . . 10,000 00 

228 " Chesapeake and Del. Canal Co. . 11,400 00 

300 " Phila., Ger,, and Norristown R.R. 15,000 00 
50 " Sandy Hook Quarantine and C. I. 

Telegraph Company . . . 1,000 00 

Mutual Insurance scrip 19,460 00 



$57,200 00 

5,500 00 
115,000 00 
45,500 00 
61,610 00 
31,500 00 
53,000 00 
28,000 00 
14,170 00 
31,500 00 
22,470 00 
15,150 00 
26,750 00 
21,600 00 
42,610 00 
230,000 00 

1,800 00 
11,880 00 
12,840 00 

5,400 00 
51,250 00 
26,500 00 
27,750 00 
37,500 00 
52,000 00 

9,000 00 

11,990 00 

7,700 00 

84,500 00 

33,900 00 

33,200 00 

82,770 00 

100,000 00 

48,750 00 

31,200 00 

51,000 00 

29,000 00 

41,730 00 

50,000 00 

15,700 00 

4,560 00 

30,000 00 

1,000 00 
19,460 00 



1,515,860 00 $3,718,420 00 



264 FIRE, MARINE, AND FIRE-MARIXE [Dec. 31, 



Securities held as collateral for cash loans: — 



247") shares Insurance Co. of North America 
Catawissa Railroad bonds, 7s (new) 
Schuylkill Navigation bonds . 
Harrisburg city bonds, 6s 
1000 shares Insurance Co. of North America 
Philadelphia and Reading Railroad bonds 
200 shares Phila., Ger., and Norristown R.R. 
500 shares Pennsylvania Railroad . 
Philadelphia city bonds .... 
Missouri corporation bonds 
Merchants' Life Insurance Company 
4 shares Lehigh Valley Railroad Company 
4 shares L'nited Companies of New Jersey 



SUMMABY OF ASSKTS, DEC. 31, 1878. 

Cash value of unencumbered real estate . . 8132,853 08 
Loans on mortgage of real estate (first liens*), 1,578,648 31 



Market value. Loaned thereon. 

828,430 69 

5,250 00] 

1.150 00 ; 
12,625 00 \ 31 '°°° °° 
29,250 00J 

3,920 00 1,800 00 

20.000 ocn 

16,375 00 
4,600 00 I 33 '°°° 00 



10,000 00 J 
500 00 

650 00 




350 00 
500 00 


$178,713 75 


.$95 


,080 69 



Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash deposited in various banks . • . 
Premiums in course of collection (net) 
Notes taken for marine and inland risks . 

Re-insurance due 

Gross Assets 

Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies 
State taxes (contested) . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



34.66- 

3,718,420 00 

95,0S0 69 

429,168 48 

290,583 56 

264,827 7_ 

7,766 69 



Surplus over Capital 

Income 

Cash received for fire premiums 
Deduct re-insurance and return premium 
Net cash received for fire premiums 



831,747 00 

247,053 00 

11,000 00 

1,285,580 26 

351.214 62 
27,000 00 



-$6,552,008 80 



- 1,953,594 88 

$4,598,413 92 
. 2,000,000 00 



$2,598,413 92 



81,371,342 46 
. 114,367 60 



-SI. 256.974 86 



* Total value of property mortgaged 
Amount of insurance held as collatera 



$3,057,500 00 
933,855 00 



1878.] 



INS. COS. OF OTHER STATES. 



265 



Cash received for marine and inland premiums, $1,944,273 18 
Deduct re-insurance and return premiums . 362,735 27 

Net cash received for marine and inl'd prems. 1,581,537 91 

Unpaid premium notes received 

during the year . . . $255,689 42 
Interest received on mortgages ..... 



Interest and dividends received from all other sources 
Income from perpetual premiums (net) . 
Deposits received for perpetual 

fire risks $8,333 25 



Gross Cash Income .... 

Expenditures. 
Cash paid for fire losses . 
Deduct salvage and re-insurance 
Net cash paid for fire losses 
Cash paid for marine and inland losses 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of ofiicers and employes 

for State and local taxes . 

for incidental expenses . 
Deposits returned on perpetual 

fire risks $7,278 25 

Gross Cash Expenditures .... 
Risks and Premiums. 



$102,378 39 
207,656 03 
1,055 00 



$3,149,602 19 



$568,670 23 
10,357 93 

1,845,005 78 
437,908 08 



$558,312 30 



1,407,097 70 
400,000 00 
338,947 35 
128,500 00 
88,421 04 
153,556 70 



,074,835 09 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated, 

In force at end of year 

Marine risks outstanding Dec. 31, 1877, 
written during 1878 . 

Total 

Deduct risks expired and terminated, 

In force at end of year 



Premiums. 

$164,884,943 00 $2,306,114 90 
144,274,243 00 1,379,675 71 



$309,159,186 00 
136,756,525 00 



53,685,790 61 
1,401,226 52 



*$172,402,661 00 f$2,284,564 09 



$8,597,898 00 
199,770,693 00 

$208,368,591 00 
202,120,373 00 



399,926 24 
1,944,273 18 

^2,344,199 42 
2,053,567 16 



1,248,218 00 $290,632 26 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 



$74,000,000 00 
45,533,766 24 



* Ineluding $12,946,705 perpetual risks in force. 

t Including $369,699.60 deposits on perpetual risks in force. 

34 



266 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash dividends declared from organization of company 

Dividends declared during the year 

Fire losses incurred during the year 

Marine and inland losses incurred during the year . 

Company's stock owned by directors 



>9,050,000 00 
400,000 00 
582,372 28 

1,350,893 70 
238,350 00 



THE INSURANCE COMPANY OF THE STATE OF PENNSYL- 
VANIA, PHILADELPHIA, PENN. 

[Incorporated April 18, 1794. Commenced business Nov. 5, 1794.] 

Paid-up Capital, .5200,000. 

Henry D. Sherrerd, President. Secretary., Jos. H. Hollinshead. 



Detailed Statement of Stocks, Bonds, Etc. 



20 shares Philadelphia Bank . 

20 u Union Insurance Company 
5 " Susq. and York Turnpike Co. 

10 " Easton and W. Turnpike Co. . 

30 " Pennsylvania Fire Insurance Co. 
284 " Lehigh Valley Railroad . 
136 " Phila., Germ'n, and Norris'n R.R 
262 " Phila., Wil., and Baltimore R.R. 
350 " Lehigh Coal and Navigation Co. 

20 " Phila. and Southern Mail S.S. Co. 
Lehigh Coal and Navigation Company bonds 
Chesapeake and Delaware Canal Co. bonds 
Schuylkill Navigation Company bonds . 
Pennsylvania Railroad bonds . 
Harrisburg, P., Mt. J., and L. R.R. bonds 
Camden and A. R.R. and Delaware and Rari 

tan Canal and T. Co. bonds 
North Pennsylvania Railroad Company bonds 
West Jersey Railroad Company bonds 
Philadelphia city bonds .... 
American Steamship Company bonds 
Railway Equipment Trust of Penn. bonds 
Delano Land Company bonds . 
Mutual Insurance Company's scrip . 
United States bonds .... 
40 shares Phila. and L. Turnpike Company 



Par value. 

$2,000 00 
200 00 
500 00 
250 00 

3,000 00 
14,200 00 

'6,800 00 
13,100 00 
17,500 00 

2,500 00 
10,000 00 

5,000 00 

3,000 00 
15,000 00 
15,000 00 

5,000 00 
10,000 00 
30,000 00 
30,000 00 
20,000 00 
6,000 00 
10,000 00 

600 00 
10,000 00 

200 00 



Market value. 

;.165 00 

200 00 

125 00 

100 00 

4,650 00 

9,514 00 

13,770 00 

16,899 00 

5,162 50 

100 00 

10,250 00 

3,750 00 

1,440 00 

15,375 00 

16,050 00 

5,450 00 
10,800 00 
24.000 00 
34,650 00 
16,500 00 
• 6.000 00 
10,000 00 
300 00 
10,500 00 
200 00 



$229,850 00 $218,950 50 



Securities held as collateral for cash loans: — 

313 shares Penn. & N. Y. C. & R.R. Co. 

8 " Car Trust of Pennsylvania 
Houston and Texas Central Railroad bonds 



Market value. Loaned thereon. 

S3 1.300 00 $25,000 00 
8,000 00 > 8(X)000 
1,800 00 \ 



1878.] 



INS. COS. OF OTHER STATES. 



267 



229 shares Mine Hill & S. H. RR. 
92 " Continental Hotel Company . 
169 " North Pennsylvania Railroad . 
100 " Girard Life Insurance Company 
171 " Delaware Mutual Safety Ins. Co. 
International Navigation Company bonds 
500 shares Penn. and N. Y. C. and R R. Co. 
Personal note (on demand) 
Mortgages on real estate in Philadelphia . 
200 shares Pennsylvania Railroad . 
249 " Pennsylvania Railroad . 



Summary of Assets, Dec 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in Bank of North America 
Interest due and accrued .... 
Premiums in course of collection (gross) . 
Notes taken for marine and inland risks . 
Perpetual deposit premiums . 

Gross Assets ..... 



,820 00 
5,520 001 
6,211 00 
4,425 00 
5,814 00 
10,500 00 j 
50,000 00 



$8,000 00 



6,600 00 
8,217 00 



25,000 00 

40,000 00 
12,000 00 

5,000 00 
6,000 00 

$149,207 00 $129,000 00 

31, 1878. 

$39,780 20 

165,250 00 

4,232 50 

218,950 50 

129,000 00 

133 14 

35,339 33 

2,989 34 

25,686 81 

16,489 29 

1,600 00 

$639,451 11 



Liabilities. 
Losses adjusted, unpaid .... 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies 
Dividends to stockholders, unpaid . 
Commissions and brokerage . 
Book debts ..... 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 

Income 
Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 



$33,408 00 

107,319 16 

80,559 53 

248 00 

2,210 96 

962 36 



$144,653 85 
17,348 79 



224,708 01 

$414,743 10 
200,000 00 

$214,743 10 



$127,305 06 



* Value of lands mortgaged $126,300 00 

Value of buildings thereon 194,200 00 

Amount of insurance held as collateral . . . 128,100 00 



268 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash received for marine and inland premiums, $128,673 09 

Deduct re-insurance and return premiums . 47,038 83 

Net cash received for marine and inl'd prems. . 

Unpaid premium notes received dur- 
ing the year . . . .$16,489 29 

Interest received on mortgages 

Interest and dividends received from all other sources . 

Income from all other sources 

Deposits received for perpetual fire 

risks $3,212 90 



$81,634 26 



8,838 01 

22,410 23 

1,493 33 



Gross Cash Income $241,680 89 

Expenditures. 



Cash paid for fire losses .... 

for marine and inland losses . 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidentals 
Profit and loss account .... 
Deposits returned on perpetual fire 

risks .;.... $2,997 00 



$81,301 90 
24,085 38 



$67,001 17 



57,216 52 
24,408 00 
25,579 00 
11,300 00 
2,985 16 
15,171 50 
553 29 



Gross Cash Expenditures $204,214 64 

Risks and Premiums. 



Fire" risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Perpetual risks in force . 



Premiums. 

$16,391,298 00 $147,907 01 
16,921,209 00 144,653 85 



$33,312,507 00 $292,560 86 
16,329,637 00 143,516 71 



$16,982,870 00 $149,044 15 
313,406 00 2,916 49 



$16,669,464 00 $146,127 66 

$2,326,451 00 $31,132 32 
13,706,790 00 128,673 09 



$16,033,241 00 $159,805 41 
14,329,920 00 121,454 80 



$1,703,321 00 $38,350 61 
258,111 00 5,571 89 



$1,445,210 00 632,778 72 
$2,528,799 00 



1878.] 



INS. COS. OF OTHER STATES. 



269 



Miscellaneous. 

Losses paid from organization of company 
Cash dividends declared from organization of company, 
Dividends declared during the year .... 

Fire losses incurred during the year .... 
Marine and inland losses incurred during the year 
Company's stock owned by directors .... 



$12,956,559 00 
3,956,406 00 
24,000 00 
85,761 00 
70,499 00 
26,600 00 



IRVING INSURANCE COMPANY, NEW YORK. 

[Incorporated April 30, 1872. Commenced business, April 30, 1872.] 

Paid-up Capital, $200,000. 

Martin L. Crowell, President. Acting Secretary, Wm. A. Magarical. 

Office, No. 157 Broadway. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $190,000 00 $205,675 00 

New York Produce Exchange .... - 250 00 



$205,925 00 



Securities held as collateral for cash loans: — 
100 shares Lake Shore and Mich. So. R.R. . 



Market value. Loaned thereon. 

$6,862 50 $5,000 00 



Summary of Assets, Dec. 31, 1878. 

$53,000 00 
309 16 

205,925 00 
5,000 00 
1,490 85 



Loans on mortgage of real estate (first liens*) , 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 



deposited in Irving National Bank . 

Interest due and accrued 

Premiums in course of collection (gross) 

Premiums more than 3 months due . $125 00 

Gross Assets ...... 

Liabilities. 

Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. . 



3,076 35 

20 83 

5,659 17 



$274,481 36 



$4,853 75 

600 00 

1,500 00 

33,113 39 
766 66 



* Value of lands mortgaged $68,500 00 

Value of buildings thereon 66,000 00 

Amount of insurance held as collateral .... 51,550 00 



270 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



State and local taxes 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



81,000 00 
279 64 



^42,113 44 



Surplus over Capital 



$232,367 92 
200,000 00 

$32,367 92 



Income. 



Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums . . 

Interest received on mortgages .... 
Interest and dividends received from all other sources 
Premium on gold 



$67,786 08 
3,991 06 



Gross Cash Income . 

Expenditures. 

Cash paid for fire losses 

Cash dividends paid ..... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for interest on borrowed money 
for rent and incidentals . 

Gross Cash Expenditures . 



863,795 02 

3,790 81 

9,807 65 

103 36 

877.496 84 



$35,173 16 

20,000 00 

9,503 54 

14,100 00 

578 96 

216 50 

9,517 18 

$89,089 34 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Risks and Premiums. 

Premiums. 

$7,917,414 00 $76,735 90 
. 8,346,846 13 68,104 77 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 



Net amount in force 



$16,264,260 13 $144,840 60 
. 9,098,206 95 77,875 38 



. 7,166,053 18 $66,965 29 
53,635 00 458 08 



87.112,418 18 66,507 21 



Miscellaneous. 



Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Eire losses incurred during the year .... 
Company's stock owned by directors . 



8646,008 84 

372,308 79 

120,000 00 

20,000 00 

38,877 34 

93,200 00 



1878.] 



INS. COS. OF OTHER STATES. 



271 



LAMAR INSURANCE COMPANY, NEW YORK. 

[Incorporated April 3, 1872. Commenced business April 3, 1872.] 
Paid-up Capital, $200,000. 
Isaac R. St. John, President. Secretary, William R. MacDiarmid. 
Office, No. 184 Broadway. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

. $270,000 00 $277,650 00 

4,000 00 4,800 00 

5,000 00 4,300 00 

7,500 00 6,000 00 



United States bonds . 
40 shares National Bank of Commerce . 
50 " National Bank of the Republic 
75 " St. Nicholas National Bank 



286,500 00 $292,750 00 



$1,280 00 


$200 00 


600 00 


500 00 


1,634 00 


1,000 00 


1,875 00 


1,000 00 


2,400 00 i 
2,000 00 J 




4,000 00 



Securities held as collateral for cash loans : 

16 shares Mechanics' Bank, Brooklyn 
10 " Phenix Insurance Co., Brooklyn 
19 " National Bank of the Republic 
25 " Manhattan Gas Light Company 
48 " Long Island Bank, Brooklyn 
Queen's county bonds .... 

$9,789 00 

Summary of Assets, Dec. 31, 1878. 
Loans on mortgage of real estate (first liens*), $72,400 00 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in various banks 
Premiums in course of collection (gross) 
Notes taken for inland risks . 
Re-insurance and salvage 
Premiums more than 3 months due, $2,724,17 

Gross Assets ..... 

Liabilities. 

Losses claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Commissions and brokerage 
Return premiums ..... 
Gross Liabilities, except Capital 



Market value. Loaned thereon. 



$6,700 00 



Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 



353 00 
292,750 00 

6.700 00 

3.701 19 
7,941 63 

15,195 88 

125 00 

3,427 22 



$9,550 00 
2,750 00 

70,471 98 
2,061 85 
1,286 69 



$402,593 92 



,120 52 



. $316,473 40 
. 200,000 00 



$116,473 40 



* Value of lands mortgaged 
Value of buildings thereon 
Amount of insurance held as collateral 



$49,500 00 

117,500 00 

72,400 00 



272 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 

Cash received for fire premiums . . . 8148,21(5 13 
Deduct re-insurance and return premiums . 12,437 52 

Net cash received for fire premiums . . 

Cash received for inland premiums . . $37,511 12 

Deduct re-insurance and return premiums . 4,773 25 

Net cash received for inland premiums . . 

Unpaid premium notes received dur- 
ing the year .... $125 00 

Interest received on mortgages 

Interest and dividends received from all other sources . 



$135,778 61 



32,737 87 



5,230 06 
16,613 20 

Gross Cash Income $190,359 74 



Expenditures 
Cash paid for fire losses .... 

Cash paid for inland losses 

Deduct salvage and re-insurance 

Net cash paid for inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 

Risks and Premiums 



$12,412 28 
321 64 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Inland risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$11,878,550 00 
14,292,077 00 

$26,170,627 00 
14,406,688 00 

$11,763,939 00 
57,850 00 



$98,904 83 



$12,090 64 
20,000 00 
17,189 62 
18,660 83 
2,098 07 
16,605 98 

8185,549 97 

Premiums. 

S130.411 39 
155,746 12 

$286,157 51 
147,074 14 

$139,083 37 
269 75 






$11,706,089 00 $138,813 62 



$45,600 00 
9,673,369 00 

$9,718,969 00 
9,632,894 00 

$86,075 00 
19,750 00 



S649 52 
36,801 12 

$37,450 64 
36,210 34 

$1,240 30 
63 37 



66,325 00 1,176 93 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 



,264,269 47 
688.322 39 



1878.] 



INS. COS. OF OTHER STATES. 



273 



Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . 
Inland losses incurred during the year . 
Company's stock owned by directors . 



$100,000 00 

20,000 00 

105,002 44 

10,153 11 

50,500 00 



LORILLARD INSURANCE COMPANY, NEW YORK. 

[Incorporated December, 1871. Commenced business January, 1872.] 

Paid-up Capital, $300,000. 

Carlisle Norwood, President. Secretary, John C. Mills. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $244,500 00 $256,825 00 

Lake Shore and Michigan Southern Railroad, 26,000 00 29,700 00 



Securities held as collateral for cash loans : 

120 shares Chatham National Bank 
40 " Oriental National Bank . 
36 u Manhattan Life Insurance Co. 

United States bonds .... 



Summary of Assets, Dec 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued .... 
Premiums in course of collection (gross) . 
Rents due and accrued .... 
Premiums more than 3 months due, $415 91 
Gross Assets ...... 

Liabilities. 
Losses claimed and reported . . . . 

disputed or resisted . 
Unearned premiums on outstanding risks 
State and local taxes . 



$270,500 00 $286,525 00 



Market value. Loaned thereon. 

$3,000 00 > ^ 000 Q() 
1,500 00 S 



7,200 00 
8,820 00 



3,700 00 
5,000 00 



$20,520 00 $12,700 00 

31, 1878. 

$71,000 00 

2,325 00 

286,525 00 

12,700 00 

655 18 

43,064 80 

2,055 00 

15,213 10 



100 00 



$3,800 00 
2,300 00 

50,867 74 
2,800 00 



$433,638 08 



* Total value of property mortgaged $151,000 

Amount of insurance held as collateral .... 73,500 



35 



274 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Commissions and brokerage . 
Return premiums .... 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 



Income 

Cash received for fire premiums . . . $124,498 53 
Deduct re-insurance and return premiums . 19,632 35 
Net cash received for fire premiums 
Interest received on mortgages 
Interest and dividends received from all other sources 



$2,281 96 
47 09 



802,000 79 

1371,541 29 

300,000 00 

$71,541 29 



$104,866 18 

4,757 83 

17,645 71 



Gross Cash Income $127,269 72 

Expenditures. 

Cash paid for fire losses $53,476 01 

Deduct salvage and re-insurance . . . 4,753 89 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for rent and incidentals . 
Real estate to profit and loss .... $5,032 50 

Gross Cash Expenditures . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force . 



814,036,613 00 
20,079,739 00 

$34,116,352 00 
18,140,504 00 

$15,975,848 00 
1,803,825 00 



$48,722 12 
30,000 00 
15,805 69 
20,830 00 
4,755 22 
16,198 48 

$136,311 51 

Premiums. 

$105,837 79 
126,437 04 

82:12.275 13 
119,982 90 

$112,292 23 
12,660 11 



$14,172,023 00 $99,632 12 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



$1,167,749 00 

500.317 00 

171,000 00 

30,000 00 

50,522 00 

104,500 00 






1878.] 



INS. COS. OF OTHER STATES. 



275 



MANHATTAN FIRE INSURANCE COMPANY OF NEW YORK 

CITY. 

[Incorporated Jan. 8, 1872. Commenced business March 30, 1872.] 

Paid-up Capital, 8250,000. 

Andrew J. Smith, President. Secretary, Louis P. Carman. 

Office, No. 68 Wall Street. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 

South Carolina state bonds . 
Union Pacific gold bonds .... 

New York Mutual Gas Light Company stock, 
Deposit of U. S. currency in Mississippi . 



Par value. Market value. 

$350,000 00 $379,000 00 

20,000 00 7,000 00 

1,000 00 1,200 00 

15,000 00 10,500 00 

10,000 00 10,000 00 



$396,000 00 $407,700 00 



Securities held as collateral for cash loans: — 

Market value. 

75 shares Phenix Insurance Company . . $4,800 00 

25 " Buffalo Mutual Gas Light Company, 2,500 00 

34 " Dry Dock and East Broadway R.R. 5,000 00 
16 " Howard Insurance Company . . 900 00 
32 " Phenix Insurance Company . . 2,100 00 
20 " Lamar Insurance Company . . 2,200 00 

20 " Hoffman Insurance Company . . 1,000 00 
40 " Lenox Insurance Company . . 1,100 00 
30 " Atlantic Insurance Company . . 1,500 00 

60 " Lorillard Insurance Company . . 1,500 00 

United States bond 1,070 00 

10 shares N. Y. Economical Printing Co. . 1,500 00 

5 " Phenix Insurance Company . . 325 00 

61 " Howard Insurance Company . . 3,600 00 
Knickerbocker Ice Company stock . . . 1,000 00 
10 shares Relief Fire Insurance Company . 500 00 

United States bond 1,070 00 

Knickerbocker Ice Company's bonds . . 2,200 00 

18 shares National Exchange Bank . . 1,900 00 

5 " Irving Insurance Company . . 475 00 

21 " New York, Prov., and Boston R.R. 3,000 00 
53 " Adriatic Insurance Co. . . . 848 00 
United States bonds 6,600 00 

35 shares New York, Prov., and Boston R.R. 4,500 00 



Loaned thereon. 

i $5,000 00 

2,500 00 

700 00 

1,400 00 

► 5,000 00 



J 



500 00 
1,000 00 

3,000 00 
800 00 
400 00 



y 4,000 oo 



J 



2,000 00 

600 00 

6,000 00 

2,500 00 



$51,188 00 $35,400 00 



276 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets, Dec 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in Leather Manuf . Nat'l Bank 
Interest due and accrued 
Premiums in course of collection (gross) . 
Notes taken for marine and inland risks . 
Salvage claims ..... 

Gross Assets ..... 
Deduct special deposits in other States . 



Balance $775,868 44 



31, 1878. 

$20,881 96 

168,727 55 

8,132 65 

407,700 00 

35,400 00 

12,615 86 

64,977 04 

2,028 10 

81,068 94 

11,821 43 

12,826 91 



$826,180 44 
50,312 00 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards Policy-holders 
Paid-up Capital .... 



$14,400 00 
33,300 00 
11,500 00 

265,338 79 
• 10,250 00 

$334,788 79 
14,950 00 



Surplus over Capital 

Income 
Cash received for fire premiums . . . $619,848 11 

Deduct re-insurance and return premiums . 43,742 47 

Net cash received for fire premiums . . 

Cash received for marine and inland premiums, $115,884 58 

Deduct re-insurance and return premiums . 42,301 80 

Net cash rec'd for marine and inland prems. . 

Interest received on mortgages . . .... 

Interest and dividends received from all other sources . 

Income from rents 



319,838 79 

$456,029 65 
250,000 00 

$206,029 65 



Gross Cash Income .... 

Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses . 



$359,669 45 
6,777 91 



6576,105 64 



73,582 78 

11,795 43 

19,975 52 

667 71 



. $682,127 08 



$352,891 54 



* Total value of property mortgaged 
Amount of insurance held as collateral 



$389,000 00 
167,100 00 



1878.] 



INS. COS. OF OTHER STATES. 



277 



Cash paid for marine and inland losses . 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidentals expenses . 

Gross Cash Expenditures . 

Risks and Premiums. 



$83,155 
31,006 



95 
95 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year 



$40,717,285 
55,962,305 



2,149 00 
25,000 00 
92,796 68 
47,898 04 
17,249 68 
57,772 46 

$645,757 40 



Premiums. 

00 $500,109 93 
00 576,105 64 



$96,679,590 
50,484,819 



00 $1,076,215 57 
00 580,848 75 



$46,194,771 
177,430 



00 $495,366 82 
00 3,176 68 



$46,017,341 00 $492,190 14 



$178,100 
20,091,956 



00 $4,926 50 
00 73,582 78 



$20,270,056 
19,776,676 



00 $78,509 28 
00 71,165 48 



$493,380 00 $7,343 80 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . 

Marine and inland losses incurred during the year . 
Company's stock owned by directors . 



$4,248,833 03 

2,378,901 91 

195,000 00 

25,000 00 

353,748 82 

54,240 00 

66,700 00 



MANUFACTURERS' INSURANCE COMPANY, NEWARK, N.J. 

[Incorporated March, 1873. Commenced business Aug. 1, 1873.] 

Paid-up Capital, 8200,000. 

George Wilkinson, President. Secretary, D. S. Wood. 

Office, No. 762 Broad Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Manufacturers' National Bank stock . . $12,300 00 $11,070 00 
State Banking Company stock . . . 2,000 00 1,500 00 
Newark and Bloomfield Street- Railroad . . 1,500 00 750 00 



.5,800 00 $13,320 00 



278 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Securities held as collateral for cash loans : — 

Manufacturers' National Bank stock 
National Trust Company, New York, stock 
Bond and mortgage additional 
City of Houston market bonds 
Bond and mortgage additional 



Market value. Loaned thereon. 

110,020 00 $8,200 00 



6,000 00 
15,000 00 



4,000 00 
4,500 00 



Summary of Assets, Dec 

Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*) 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in Manufacturers' Nat'l Bank, 
Interest due and accrued 
Premiums in course of collection (net) 
Notes taken for fire risks 

Premiums more than 3 months due, 83,028 50 
Gross Assets 

Liabilities. 
Losses claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
All other liabilities .... 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



$31,620 00 816,700 00 

31, 1878. 

$48,554 77 

166,300 00 

5,250 66 

13,320 00 

16,700 00 

4,610 30 

30,206 44 

70 00 

13,303 86 

2,468 78 

$300,784 81 



urns 



Surplus over Capital 

Income 
Cash received for fire premiums 
Deduct re-insurance and return premi 
Net cash received for fire premiums 
Interest and dividends received from all 
Income from rents .... 
Income from commissions 



$9,657 66 

1,786 35 

69 22 

700 00 



$158,790 30 
21,105 03 



sources 



79,913 23 

.-71 58 
200,000 00 

820,871 58 



$137,685 27 

13,855 81 

2,562 5S 

160 63 



Gross Cash Income $154,264 29 

EXPEXDITUEI 

Cash paid for fire losses $73,860 94 

Cash dividends paid 14,000 00 

Cash paid for commissions and brokerage .... 35,321 34 

for salaries of officers and employes . . . 9,917 26 



* Total value of property mortgaged $380,200 



1878.] 



INS. COS. OF OTHER STATES. 



279 



Cash paid for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



. . 


$3,912 85 
6,454 55 


. 


$143,466 94 


IMS. 

Premiums. 

$12,484,065 00 $146,692 92 
13,401,867 00 143,119 38 



825,885,932 00 
13,606,126 00 

$12,279,806 00 
323,856 00 



$289,812 30 
150,451 72 

$139,360 58 
3,652 87 



$11,955,950 00 $135,707 71 






Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (7 per cent) 
Fire losses incurred during the year . 

Company's stock owned by directors . 



$675,242 00 

282,508 75 

61,025 42 

14,000 00 

73,384 73 

117,800 00 



MERCANTILE INSURANCE COMPANY, CLEVELAND, O. 

[Incorporated November, 1871. Commenced business Dec. 23, 1871.] 

Paid-up Capital, $200,000. 

William J. Gordon, President. Secretary, George A. Tisdale. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $90,000 00 $94,600 00 

Ohio state bonds 23,615 38 25,000 00 

Buffalo and Erie Railroad bonds, 7s . . 14,000 00) i" mo nn 

Buffalo and State Line Railroad bonds, 7s . 1,500 00 > 

Cleve., Col., Cinn., and Indpls. R.R. bonds, 7s, 15,000 00 14,300 00 

400 shares Cleveland and Pittsburg Railroad . 20,000 00 17,000 00 

300 " Chic, and N. West. R.R., preferred, 30,000 00 23,400 00 

400 " Lake Shore and Mich. South. R.R. 40,000 00 28,800 00 

100 " N. Y. Central and H. R. R.R. . 10,000 00 11,400 00 

$244,115 38 $231,600 00 

Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

16 shares Citizens' Savings and Loan Asso. . $5,700 00 $4,500 00 
100 " Chicago and No. Western Railroad, 7,800 00 4,400 00 



$13,500 00 $8,90Q 00 



280 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens*), $78,586 68 

Interest due or accrued thereon . . . 4,491 83 

Stocks, bonds, etc., as per schedule . . 231,600 00 

Loans on collateral security, as per schedule . 8,900 00 

Cash in the office of the company . . . 3,132 54 

deposited in various banks . . . 27,318 78 

Interest due and accrued 719 55 

Premiums in course of collection (gross) . . 10,211 20 

Notes taken for marine and inland risks . . 8,514 27 

Salvage 3,500 00 

Bills receivable 5,922 71 

Wrecking pumps 1,250 00 

Premiums more than 3 months due . $505 18 

Gross Assets $384,147 56 



Liabilities. 

Losses claimed and reported 
disputed or resisted 

Total amount of losses 
Less re-insurance . 

Net amount of unpaid losses 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. 
State and local taxes 
Commissions and brokerage . 
Re-insurance ..... 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 



$7,400 00 
3,100 00 

$10,500 00 
1,000 00 

$9,500 00 

49,931 90 

695 94 

1,047 10 

4,788 04 

2,413 66 



Income. 

Cash received for fire premiums . . . $95,173 12 
Deduct re-insurance and return premiums . 10,359 69 

Net cash received for fire premiums . . 

Cash received for marine and inland premiums, 38,190 11 
Deduct re-insurance and return premiums . 5,674 42 

Net cash received for marine and inl'd prerns. 

Unpaid premium notes received dur- 
ing the year .... $6,318 00 

Interest received on mortgages . . .... 

Interest and dividends received from all other sources . 



68,376 64 

$315,770 92 
200,000 00 

6115,770 92 



184,813 43 



32,515 69 



6,816 20 
14,919 54 

Gross Cash Income $139,064 86 



* Value of lands mortgaged 
Value of buildings thereon 



$161,500 00 
23.700 00 



1878.] 



INS. COS. OF OTHER STATES. 



281 



Expenditures 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for rent and incidentals . 

Gross Cash Expenditures . 



$52,929 89 
4 25 

$13,496 73 
5,632 36 



$52,925 64 



7,864 37 
20,000 00 
18,493 01 
13,456 13 

3,521 38 
10,910 43 



$127,170 96 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Risks and Premiums. 

Premiums. 

$7,183,525 00 $76,485 69 
10,296,131 00 102,829 72 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$17,479,656 00 $179,315 41 
9,053,403 00 85,800 26 



$8,426,253 00 $93,515 15 
54,500 00 718 18 



(,371,753 00 $92,796 97 



1,750 00 $5,050 00 
. 3,961,988 00 37,366 41 



$4,042,738 00 $42,416 41 
. 3,960,755 00 37,781 21 



,983 00 $4,635 20 
5,267 00 882 68 



76,716 00 $3,752 52 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (10 per cent) . 

Fire losses incurred during the year . 

Marine and inland losses incurred during the year 

Company's stock owned by directors . 

36 



,250,979 55 

624,376 75 

155,000 00 

20,000 00 

44,377 39 

15,006 48 

156,500 00 



282 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



MERCANTILE FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated Jan. 15, 1852. Commenced business Jan. 16, 1852.] 

Paid-up Capital, $200,000. 

William A. Anderson, President. Secretary, C. W. Parmkli.i;. 

Office, No. 166 Broadway. 



Summary of Assets, Dec 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
United States bonds .... 
Cash in the office of the company . 

deposited in Merch. Exch. Nat'l Bank 
Premiums in course of collection (gross) . 
Rents due and accrued .... 
Gross Assets ..... 

Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

Unearned premiums on outstanding risks 

Due and accrued for rent, salaries, etc. . 

State and local taxes .... 

Commissions and brokerage . 

Return premiums 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 



31, 1878. 

$15,288 78 

43,000 00 

452 50 

221,431 25 

257 13 

346 03 

3,180 56 

100 00 



$4,507 60 
475 00 

25,582 41 

541 66 

847 12 

672 16 

43 75 



$284,056 25 



Surplus over Capital 

Income. 
Cash received for fire premiums 
Deduct re-insurance and return premiums 

Net cash received for fire premiums . . 

Interest received on mortgages .... 
Interest and dividends received from all other sources 
Income from rents 



32,669 70 

1251,386 55 

200,000 00 

$51,386 55 



$50,776 20 
3,163 64 



847,612 56 

2,952 54 

11,400 89 

1,100 00 






Gross Cash Income $63,065 99 



Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses 



$16,127 19 
21 25 



$16,105 94 



* Value of lands mortgaged 
Value of buildings thereon 
Amount of insurance held as collateral . 



$48,000 00 
51,500 00 
46,000 00 



1878.] 



INS. COS. OF OTHER STATES. 



283 



Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidental expenses . 

Gross Cash Expenditures . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



58,397,252 76 
8,588,658 37 



$16,985,911 13 
9,196,342 01 

$7,789,569 12 
167,853 36 



$20,000 00 

5,732 52 

13,608 20 

932 8£ 

6,571 50 

$62,951 05 



Premiums. 

$56,648 60 
51,642 83 

$108,291 43 
55,796 93 

$52,494 50 
1,160 78 



$7,621,715 76 $51,333 72 



Miscellaneous. 

Premiums received from organization of company . $1,750,506 89 1 

Losses paid from organization of company .... 856,415 85 

Cash dividends declared from organization of company . 502,000 00 

Dividends declared during the year (10 per cent) . . . 20,000 00 

Fire losses incurred during the year 16,466 01 

Company's stock owned by directors 52,750 00 



MERCANTILE MUTUAL INSURANCE COMPANY, NEW YORK. 

[Incorporated April, 1842. Commenced business April, 1842.} 

Paid-up Capital, $500,000. 

A. G. Montgomery, Jr., President. Secretary, C. J. Despard. 

Office, No. 35 Wall Street. 



Detailed Statement of Stocks, 



United States bonds 
70 shares Bank of America 



50 

16 
100 

40 
102 

90 
134 
100 

38 
133 



Bank of Commerce 
Bank of New York 
Bank of the Republic 
Bank of the State of New York 
American Exchange Bank 
Continental Bank . 
Gallatin National Bank . 
Hanover National Bank . 
Metropolitan National Bank . 
Merchants' National Bank 



Bonds, Etc. 

Par value. 

$135,000 00 H 
7,000 00 
5,000 00 
1,600 00 
7,500 00 
4,000 00 

10,200 00 
9,000 00 
6,700 00 

10,000 00 
3,800 00 
6,650 00 



Market value. 

155,728 00 
9,100 00 
5,900 00 
1,920 00 
6,300 00 
4,080 00 

10,302 00 
6,840 00 
8,040 00 

10,200 00 
4,446 00 
8,047 00 



284 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



300 shares Manhattan National Bank 

17 " Marine National Bank . 

30 " Phenix National Bank . 
100 " Park National Bank 
110 " St. Nicholas National Bank . 

16 " Union National Bank 
327 " Williamsburgh Gas Light Company 
Williamsburgh Gas Light Company scrip 
Coast Wrecking Company stock 
New York city bonds, 6s 
C. C. and I. C. Railroad bonds 
Indianapolis and V. Railroad bonds 
750 shares New York Central and H. R. R.R 
104 " Long Island N. S. P. and F. T. Co 

50 " Sandy Hook Quar. and C. I. Tel. Co 
Atlantic Mutual Insurance Company scrip 



815,000 00 

1,700 00 

600 00 

10,000 00 

11,000 00 

800 00 

16,350 00 

13,000 00 

10,000 00 

20,000 00 

1,000 00 

20,000 00 

75,000 00 

5,200 00 

1,000 00 

1,370 00 



119,800 00 

1,564 00 
558 00 

8,500 00 

8,580 00 

1,176 00 
12,262 00 
13,000 00 

5,000 00 

21,400 00 

582 00 

17,400 00 

84,375 00 

4,000 00 
800 00 

1,233 00 



$408,470 00 8131,133 00 



Securities held as collateral for cash loans : — 

100 shares Continental Insurance Co 
Morris and Essex mortgage bond . 



Market value. Loaned thereon. 

$17,500 00 $9,000 00 
• 1,165 00 1,000 00 



$18,665 00 $10,000 00 



Summary of Assets, Dec 
Stocks, bonds, etc., as per schedule . 
Loans on collateral security, as per schedule 
Cash in the office of the company and deposited 

in bank 

Interest due and accrued . 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks 
Re-insurance and salvages 
Company's own stock . . 815,500 00 
Gross Assets 



31, 1878. 
$431,133 00 
10,000 00 

12,839 51 

3,491 84 

119,392 42 

173,621 15 

67,609 00 



$818,086 92 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported 
disputed or resisted 

Total amount of losses . 
Less re-insurance . 

Net amount of unpaid losses 
Unearned premiums on outstanding risks 
Dividends to stockholders, unpaid 
Due for borrowed money 



$2,693 00 

114,011 00 

13,000 00 

$129,704 00 
8,000 00 

$121,704 00 

116,935 12 

14,422 63 

65,000 00 



1878.] 



INS. COS. OF OTHER STATES. 



285 



Commissions and brokerage . 
Return premiums .... 
Re- insurance ..... 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Jl,680 73 

296 09 

2,230 16 



- $322,268 73 

. $495,818 19 
. 500,000 00 



Impairment of Capital 



Income. 

Cash rec'd for marine and inland premiums . 
Deduct re-insurance and return premiums 
Net cash rec'd for marine and inland prems. . 
Unpaid premium notes received 

during the year . . . $173,664 12 
Interest and dividends received from all sources 



:,181 81 



$850,273 98 
199,454 88 



$650,819 10 



26,754 85 



Gross Cash Income $677,573 95 



Expenditures. 

Cash paid for marine and inland losses . 
Deduct salvage and re-insurance 
Net cash paid for marine and inland losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for rent and incidentals . 

Gross Cash Expenditures . 

Risks and Premiums. 



$742,092 97 
98,257 94 



Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year 



$4,251,883 00 
114,442,233 00 

$118,694,116 00 
114,607,665 00 



$643,835 03 
17,500 00 
52,110 74 
32,745 47 
13,554 13 
18,257 62 

$778,002 99 



Premiums. 

$119,786 22 
841,624 38 

$961,410 60 
844,475 48 



:,086,451 00 $116,935 12 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (3^- per cent) . 
Marine and inland losses incurred during the year . 
Company's stock owned by directors . 



$39,165,702 58 
29,747,080 83 
. 1,464,608 28 
17,500 00 
. 742,092 97 
. 107,600 00 



286 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



THE MERCHANTS' INSURANCE COMPANY, NEWARK, X.J. 

[Incorporated February 18, 1858. Commenced business April 18, 1858.] 

Paid-up Capital, $400,000. 

Silas Merchant, President. Secretary, Henry Powles. 

Office, No. 776 Broad Street. 
Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 

Xewark city bonds 

Citizens' Gas Light Company bonds 

New Brunswick city bonds 

East Orange street improvement bonds 

Long Branch school bonds 

Elizabeth city bonds 



Par value. Market value. 

$229,500 00 $242,190 00 
100,000 00 112,000 00 



2,000 00 

2,800 00 

20,000 00 

15,000 00 

25,000 00 



2,100 00 

2,800 00 

21,000 00 

15,000 00 

17,500 00 



$394,300 00 $412,590 00 



Securities held as collateral for cash loans :-— 



413 shares Consumers' Coal Company 

20 " Citizens' Gas Light Company 
Harrison town improvement bond . 

40 shares Newark Gas Light Company 
United States bonds .... 

40 shares Lenox Fire Insurance Company 
8 " Xewark City Ice Company 

20 " Xewark City National Bank . 

25 " Xewark City Ice Company 
60 " Xewark Gas Light Company 

5 u People's Insurance Company 

26 " Xewark City Ice Company 
29 " Mutual Benefit Ice Company 

United States bonds 
60 " Merchants' Xational Bank 

100 " Xewark City Ice Company 

200 " Mechanics' Xational Bank 
40 " First X T ational Bank 
10 " First Xational Bank 
50 " Xewark City Ice Company 
10 " Merchants' Xational Bank 

Xewark and Xew York Railroad bonds 

120 shares Mechanics' Xational Bank 

United States bonds 

100 shares Xewark Gas Light Company 



Market value. 

$2,065 00 

900 00 
2,400 00 
2,400 00 
2,120 00 

850 00 

800 00 
1,300 00 
2,500 0C 
3,600 00 

500 00 
2,600 00 

290 00 

3,710 00 

4,200 00 

10,000 00 

17,000 00 

3,600 00 

900 00 
5,000 00 

700 00 

4,500 00 

10,200 00 

1,485 00 

6,000 00 



Loaned thereon. 

_\000 00 
I 3,000 00 
t 2,500 00 
| 1,500 00 

I 5,000 00 

I 2,000 00 

3,000 00 
3,500 00 
7,500 00 
10,000 00 
1,100 00 

I 4,000 00 

435 00 
3,500 00 
6,000 00 

i 5,000 00 



$89,620 00 $60,035 00 



1878.J 



INS. COS. OF OTHER STATES. 



28T 



31, 1878. 

$125,060 00 

400,705 00 

10,604 18 

412,590 00 

60,035 00 

"5,494 29 

35,479 65 

9,337 35 

27,200 69 

830 00 



Summary of Assets, Dec 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) . 
Rents due and accrued .... 
Premiums more than 3 months due . $3,314 11 
Gross Assets ...... 

Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Reclaim able on perpetual fire policies 
Unpaid scrip ordered to be redeemed 
Interest due or accrued on scrip 
Dividends to stockholders, unpaid 
State and local taxes 
Commissions and brokerage . 
Return premiums . 

Gross Liabilities, except Capital and Scrip 

Surplus as regards Policy-holders 

Paid-up Capital 

Scrip outstanding, not ordered to be redeemed, 

Surplus over Capital and Scrip 

Income. 

Cash received for fire premiums . . . $374,531 50 
Deduct re-insurance and return premiums . 37,293 13 

Net cash received for fire premiums . . 

Interest received on mortgages 

Interest and dividends received from all other sources . 
Income from rents ......... 



■$1,087,336 16 



$286 61 

18,193 66 

5,825 00 

203,245 44 

570 00 

5,701 00 

14,394 23 

150 00 

171 74 

5,001 13 

1,031 94 



$400,000 00 
40,629 00 



254,570 75 
$832,765 41 



440,629 00 
$392,136 41 



— $337,238 37 

. 28,795 49 

. 28,310 76 

1,141 97 

Gross Cash Income $395,486 59 



Expenditures. 
Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 



$143,738 48 
10,153 55 



$133,584 93 



* Value of lands mortgaged $492,525 00 

Value of buildings thereon 567,100 00 

Amount of insurance held as collateral . . . 496,300 00 



288 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash paid for marine and inland losses . 

Cash dividends paid .... 

Cash paid for redemption of scrip . 

Interest paid scripholders 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Bad debts charged off 

Loss on real estate and depreciation on secu 
rities 



Gross Cash Expenditures 



L7,444 34 



81,138 67 
47,850 00 

9,071 80 

4,308 64 
60,566 60 
30,559 00 

9,056 22 
36,166 28 

1,905 56 



$334,207 70 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Risks and Premiums. 

Premiums. 

852,510,242 00 $461,434 74 
49,468,569 00 378,259 53 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Xet amount in force 

Marine risks outstanding Dec. 31, 1877 
Deduct risks expired and terminated 



8101,978,811 00 8839,694 27 
55,603,992 00 428,183 85 



$46,374,819 00 $411,510 42 
525,808 00 4,201 61 



$45,849,011 00 $407,308 81 



$305,857 00 
305,857 00 



83,705 86 
3,705 86 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (12 per cent) . 
Fire losses incurred during the year . 
Marine and inland losses incurred during the year 
Company's stock owned by directors . . . . 



83,239,587 62 

1,259,243 32 

240,219 63 

48,000 00 

138,346 86 

1.138 67 

64,050 00 



MERCHANTS' INSURANCE COMPANY, XEW YORK. 

[Incorporated April, 1850. Commenced business April, 1850.] 

Paid-up Capital; $200,000. 

C. V. B. Ostrander, President. Secretary, J. L. DOUGLASS. 

Office, No. 149 Broadway. 
Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds 8135,000 00 8141,962 50 

300 shares North River Bank .... 15,000 00 15,000 00 
80 " Merchants' Exchange Bank . . 4,000 00 3,080 00 



1878.] 



INS. COS. OF OTHER STATES. 



289 



New York Central Railroad bonds . 
10 shares Rensselaer and Saratoga Railroad 
9 " Union Ferry Company . 



Securities held as collateral for cash loans: 



100 shares New York Central Railroad 
168 

20 

5 

6 

114 

25 

10 

20 

48 



North River Insurance Company 
Globe Insurance Company 
First National Bank, Saugerties 
Star Fire Insurance Company 
Westchester Insurance Company 
American Exchange Insurance Co 
Home Insurance Company 
Globe Insurance Company 
Broadway Bank 



. $35,000 00 


$39,812 50 


1,000 00 


1,400 00 


900 00 


1,125 00 


$190,900 00 


$201,980 00 


Market value. 


Loaned thereon. 


. $11,375 00 


$6,000 00 


5,475 50 


2,500 00 


1,124 75 


900 00 


500 00 


300 00 


660 00 


500 00 


1,311 00 


800 00 


1,162 50 ) 
1,230 00 > 


1,200 00 




1,247 50 


600 00 


2,324 60 


1,800 00 


$26,410 85 


$14,600 00 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens*), $260,000 00 

Interest due or accrued thereon N . . 7,735 00 

Stocks, bonds, etc., as per schedule. . . 201,980 00 

Loans on collateral security, as per schedule . 14,600 00 

Cash in the office of the company . . . 11,428 86 

deposited in North River Bank . . 3,430 51 

Interest due and accrued .... 3,942 48 

Premiums in course of collection (net) . . 20,140 63 

Gross Assets 



$523,257 48 



Liabilities. 
Losses claimed and reported . 

disputed or resisted 

Unearned premiums on outstanding risks 

State and local taxes .... 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 



$6,650 00 
3,100 00 

85,747 14 
2,726 62 



,223 76 



Surplus over Capital 



Income. 
Cash received for fire premiums .... 

Interest received on mortgages .... 

Interest and dividends received from all other sources 



$425,033 72 
200,000 00 

$225,033 72 



$120,035 38 
19,693 40 
14,420 82 



Gross Cash Income $154,149 60 

* Value of lands mortgaged $138,500 00 

Value of buildings thereon 281,000 00 

Amount of insurance held as collateral .... 256,100 00 

37 



290 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Expenditures. 



Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employe's 
for State and local taxes . 
for incidental expenses . 



Gross Cash Expenditures 



$57,918 16 
495 59 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total . . . . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$28,182,941 19 
23,922,155 81 

$52,105,097 00 
27,658,876 00 

$24,446,221 00 
48,850 00 



$57,422 57 

32,000 00 

23,310 82 

27,224 42 

4,336 22 

9,131 92 

$153,425 95 



Premiums. 

8231,858 26 
143,824 09 

$375,682 35 
198,751 15 

$176,931 20 
309 40 



$24,397,371 0.0 $176,621 80 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (16 per cent) . 
Fire losses incurred during the year .... 
Company's stock owned by directors .... 



.$3,798,549 57 

. 1. 5-25,269 91 

. 1,006,000 00 

32,000 00 

57,204 06 

47,750 00 



MERCHANTS' INSURANCE COMPANY, PROVIDENCE, R.I. 

[Incorporated May, 1851. Commenced business June, 1851.] 

Paid-up Capital, $200,000. 

Walter Paine, President. Secretary, Charles Foster. 

Office, No. 22 Market Square. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

1600 shares National Bank of Commerce . $80,000 00 $75,200 00 

1000 " American National Bank . . 50,000 00 45,000 00 

400 " Merchants' National Bank . . 20,000 00 22,800 00 

200 " Globe National Bank . . . 10,000 00 6,000 00 

467 " Providence Gas Company . . 23,350 00 25,6S5 00 

200 " Phoenix National Bank . . 10,000 00 15,000 00 

257 " Mechanics' National Bank . . 12,S50 00 17,219 00 

102 " Manufacturers' National Bank . 10,200 00 13,056 00 






1878.] 



INS. COS. OF OTHER STATES. 



291 



66 shares Del. and Hud. Canal Company 
United States bonds .... 



$6,600 00 
20,000 00 



$2,475 00 
20,425 00 



$243,000 00 $242,860 00 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens*), $35,000 00 

Interest due or accrued thereon . . . 231 66 

Stocks, bonds, etc., as per schedule . . 242,860 00 

Cash in the office of the company . . . 686 08 

deposited in National Bank of Commerce, 71,399 51 

Premiums in course of collection (gross) . 15,596 07 

Gross Assets . ... . . $365,773 32 



Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
State and local taxes .... 
Commissions and brokerage . 
Return premiums ..... 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital . . 



Surplus over Capital 



$3,803 00 
6,794 00 
3,490 00 

74,465 50 

408 91 

2,817 56 

1,334 71 



- • 93,113 68 

. $272,659 64 
. 200,000 00 



$72,659 64 



Income. 

Cash received for fire premiums . . . $137,945 66 

Deduct re-insurance and return premiums . 16,418 50 

Net cash received for fire premiums . ' . $121,527 16 

Cash received for marine and inland premiums . . . 490 00 

Interest received on mortgages . . . . . . 3,159 95 

Interest and dividends received from all other sources . . 16,824 76 

Gross Cash Income $142,001 87 



Expenditures. 
Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid . . 

Cash paid for commissions and brokerage 
for State and local taxes 
for salaries and incidentals 



Gross Cash Expenditures 



$72,068 05 
4,395 77 



$67,672 28 

14,000 00 

28,827 17 

5,497 94 

14,564 51 

$130,561 90 



* Value of lands mortgaged 
Value of buildings thereon . 
Amount of insurance held as collateral 



$100,000 00 
40,000 00 
17,500 00 



292 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Risks and Premiums. 

Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks written during 1878 . 
Deduct risks expired and terminated 



12,483,972 00 


137,945 66 


$26,075,563 00 


$310,580 42 


13,576,644 00 


103,723 88 


. $12,498,919 00 


$146,856 54 


28,703 00 


287 75 


. $12,470,216 00 


$146,568 79 


. $245,000 00 


-0 00 


. 245,000 00 


490 00 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (7 per cent) 
Fire losses incurred during the year . ... 
Company's stock owned by directors . 



$3,932,061 71 

2,778,884 22 

522,000 00 

14,000 00 

60,876 59 

46,800 00 



MERIDEN FIRE INSURANCE COMPANY, MERIDEN, COXN. 

[Incorporated July, 1868. Commenced business February, 1872.] 

Paid-up Capital, §300,000. 

L. W. Clarke, President. Secretary, E. B. Cowles. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds .... 
Harlem River and P. C. Railroad bonds . 
New Haven and Northampton Railroad bonds 
Danbury and Norwalk Railroad bonds . 
Meriden city water bonds 
First National Bank stock, Meriden 
Home National Bank stock 
Meriden National Bank stock . 
New Britain National Bank stock . 
Yale National Bank stock, New Haven . 
Hartford National Bank stock 
Mercantile National Bank stock, Hartford 
Phoenix National Bank stock, Hartford . 



Par ralue. 

$200,000 00 

15,000 00 

8,000 00 

9,500 00 

5,000 00 

11,300 00 

24,800 00 

8,900 00 

4,500 00 

3,000 00 

5,000 00 

5,000 00 

200 00 



if arket value. 

$213,000 00 

17,250 00 

7,200 00 

10,925 00 

5,500 00 

12,656 00 

29,264 00 

11,125 00 

5,625 00 

2,880 00 

7,500 00 

6,000 00 

292 00 



$300,200 00 $329,217 00 



1878.] 



INS. COS. OF OTHER STATES. 



293 



Securities held as collateral for cash loans 



100 shares Meriden Britannia Company . 

12 < 

14 « 

15 < 
10 ' 

195 < 

100 ' 



' Adams Express Company 

' iEtna Insurance Co., Hartford 

' Home National Bank, Meriden 

' American Express Company . 

' Meriden Cutlery Company 

1 G. F. Warner & Co., New Haven 

First mortgage assigned .... 

100 shares Meriden Britannia Company . 



200 
15 
64 
15 
40 
5 



Pultz & Walkley, Plantsville . 
Manning, Bowman, & Co., Meriden, 
Victor S. M. Co.,Middletown 
Home National Bank, Meriden 
Meriden Britannia Company . 
First National Bank, Meriden 



Market value. 

$7,500 00 
1,272 00 
2,800 00 
1,770 00 

470 00 
2,437 50 
1,000 00 
2,800 00 
7,500 00 
2,500 00 

562 00 

800 00 
1,770 00 
3,000 00 

560 00 



$36,741 50 $20,185 00 



Loaned thereon . 




$4,500 00 




900 00 




660 00 




1,500 00 


f 


2,250 00 


} 


3,150 00 




3,500 00 




1,250 00 


t 


500 00 




275 00 




1,200 00 




500 00 



Summary op Assets, Dec. 31, 1878. 



Loans on mortgage of real estate (first liens*), 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in Home National Bank . 
Interest due and accrued 
Premiums in course of collection (gross) . 
Taxes due from non-resident stockholders 
Maps, surveys, etc. . . $3,750 00 
Gross Assets 

Liabilities. 



$1,800 00 

57 39 

329,217 00 

20,185 00 

2,256 91 

46,365 41 

468 90 

35,672 59 

257 00 



$436,280 20 



Losses adjusted, unpaid .... 
claimed and reported . 
disputed or resisted 


. $14,139 55 

12,679 50 

2,740 27 




Total amount of losses .... 
Less re-insurance ..... 


. $29,559 32 
2,200 00 




Net amount of unpaid losses. . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. . 
Commissions and brokerage . 

Gross Liabilities, except Capital 


. $27,359 32 

88,753 26 

375 00 

3,125 00 


119,612 58 


• • • • 

• • • • 


Surplus as regards Policy-holders 
Paid-up Capital 


$316,667 62 
300,000 00 


Surplus over Capital 


$16,667 62 


* Total value of property mortgaged 


$3,200 00 



294 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 
Cash received for fire premiums . . . $228,827 81 
Deduct re-insurance and return premiums . 33,329 76 

Net cash received for fire premiums . . $195,498 05 

Interest received on mortgages 94 50 

Interest and dividends received from all other sources . . 18,468 53 

Income from brokerage 907 43 

Received for increased capital, $100,000 00 

Gross Cash Income $214,968 51 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 



Gross Cash Expenditures . . . .... $207,816 47 



$128,052 12 
7,155 22 



$120,896 90 
18,000 00 
32,477 34 
10,100 00 
5,001 86 
21,340 37 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Risks and Premiums. 

Premiums. 

. $13,293,273 00 $169,660 45 
18,748,575 00 239,982 77 



Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$32,041,848 00 $409,643 22. 
17,314,549 00 225,538 29 



$14,727,299 00 $184,104 93 
574,304 00 8,920 73 



$14,152,995 00 $175,184 20 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (6 per cent) 
Fire losses incurred during the year .... 
Company's stock owned by directors ... 



$1,071,444 81 

583,001 92 

11,800 00 

18,000 00 

125,711 12 

76,300 00 



1878.] 



INS. COS. OF OTHER STATES. 



295 



NATIONAL FIRE INSURANCE COMPANY, BALTIMORE, MD. 

[Incorporated December, 1849. Commenced business May, 1850.] 

Paid-up Capital, $200,000. 

John B. Seidenstricker, President. Secretary, H. C. Landis. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $65,000 00 $68,240 00 

Missouri state bonds . . . . . 20,000 00 21,000 00 

Maryland state bonds . . . . 25,700 00 27,856 00 

Virginia state consols 19,100 00 10,887 00 

South Carolina state consols .... 11,500 00 10,350 00 

West Maryland Railroad bonds (guaranteed) . 10,000 00 11,000 00 

Central Ohio Railroad bonds .... 25,000 00 25,000 00 

Cincinnati and Baltimore Railroad bonds . 20,000 00 19,000 00 

Pittsburg and C. Railroad bonds . . . 6,000 00 6,000 00 

Wilmington, C, and A. Railroad bonds . . 38,500 00 10,395 00 

Baltimore Gas Light Company certificates . 10,000 00 10,000 00 



$250,800 00 $219,728 00 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate . 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 

deposited in Bank of Commerce 
Interest due and accrued .... 
Premiums in course of collection (net) . 
Rents due and accrued .... 
Premiums more than 3 months due . $190 67 

Gross Assets 

Deduct special deposits in other States . 



Balance 



Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies 
Dividends to stockholders, unpaid . 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards Policy-holders 
Paid-up Capital 



Surplus over Capital 



$55,000 00 
$219,728 00 
1,744 90 
4,797 21 
2,855 00 
5,084 17 
403 66 



$289,612 94 
10,887 00 

$278,725 94 



$3,000 00 
10,500 00 

500 00 

41,169 35 

7,491 85 

279 20 

£62,940 40 
5,089 64 



57,850 76 

. $220,875 18 
. 200,000 00 



$20,875 18 



296 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Income. 
Cash received for fire premiums . . . $85,937 15 

Deduct re-insurance and return premiums . 7,828 84 

Net cash received for fire premiums . . $78,108 31 

Interest and dividends received from all sources . . . 12,733 10 

Income from rents 1,899 92 



Gross Cash Income 892,741 33 

Expenditures. 

Cash paid for fire losses $29,628 29 

Cash dividends paid . . . . • . . . . 24,301 80 

Cash paid for commissions and brokerage . . . . 11.174 74 

for salaries of officers and employes . . . 11,406 51 

for State and local taxes 6,008 90 

for incidental expenses . . .... 2,673 98 



Gross Cash Expenditures $88,254 22 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

89,385,465 00 878,375 37 
11,407,502 00 85,937 15 



$20,792,967 00 $164,312 52 
11,058,223 00 83,579 65 



9,734,744 00 $80,732 87 
18,750 00 196 06 



89,715,994 00 $S0,536 81 



Miscellaneous. 
Premiums received from organization of company . . $1,625,221 83 
Losses paid from organization of company .... 903,515 35 
Cash dividends declared from organization of company . 307,504 55 
Dividends declared during the year (12 per cent) . . . 24,000 00 
Fire losses incurred during the year ..... 35,570 40 



NATIONAL FIRE INSURANCE COMPANY, HARTFORD, CONN. 

[Incorporated Nov. 27, 1871. Commenced business Dec. 1, 1871.] 

Paid-up Capital, 8600,000. 

Mark Howard, President. Secretary, James Nichols. 

Office, No. 118 Asylum Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States 4£ per cent bonds . . . $50,000 00 $52,250 00 

Connecticut state bonds 5,000 00 5,350 00 

Hartford city (Capitol) bonds . . . . 25,000 00 29,000 00 






1878.] 



INS. COS. OF OTHER STATES. 



297 



Hartford city (water) bonds 
New Britain city bonds 
Rochester city bonds 
Lockport city bonds 
Buffalo city bonds . 
Cleveland city bonds 
Columbus city bonds 
Detroit city bonds . . 
West Middle School District bonds 
Harlem River and Port Chester R.R. bonds 
Chicago, Burlington and Quincy R.R bonds 
400 shares New York, N.H., and H. Railroad 
200 " New York and Harlem Railroad 
200 " New York Central and H. R. R.R 
100 " P., Ft. Wayne, and Chicago R.R. 
200 " Cleveland and Pittsburg R.R. 
100 " Chicago, R. I. and Pacific R.R. 
100 " Nat'lMech. Banking Assoc, N.Y 
100 " Metropolitan Nat'l Bank, N.Y. 
50 " Central National Bank, New York 
140 " Farm, and Mech. Nat'l B'k, H'rfd 
100 " Charter Oak Nat'l Bank, Hartford 
300 " Phoenix National Bank, Hartford 
215 " iEtna National Bank, Hartford 

50 " City Rational Bank, Hartford 
300 " Hartford National Bank, Hartford 

50 " Mercantile Nat'l Bank, Hartford 
200 u National Exchange Bank, Hartford, 
75 " Nat'l Bank of the Republic, Boston, 
70 " Boston National Bank, Boston 
25 " Merchants' Bank, St. Louis . 
200 " Willimantic Linen Company . 



$10,000 00 

6,000 00 
25,000 00 
10,000 00 
15,000 00 
10,000 00 
10,000 00 
13,000 00 
25,000 00 
25,000 00 
10,000 00 
40,000 00 
10,000 00 
20,000 00 
10,000 00 
10,000 00 
10,000 00 

5,000 00 
10,000 00 

5,000 00 
14,000 00 
10,000 00 
30,000 00 
21,500 00 

5,000 00 
30,000 00 

5,000 00 
10,000 00 

7,500 00 

7,000 00 
800 00 

5,000 00 



$10,700 00 

6,600 00 
27,500 00 
11,000 00 
16,500 00 
10,300 00 
10,300 00 
14,430 00 
27,000 00 
28,750 00 

9,300 00 
64,400 00 
14,000 00 
23,000 00 
10,000 00 

8,300 00 
12,200 00 

2,600 00 
12,000 00 

4,600 00 
15,540 00 
12,700 00 
45,300 00 
24,080 00 

3,750 00 
44,400 00 

6.000 00 
13,200 00 

9,600 00 

6,650 00 

500 00 

13,000 00 



$504,800 00 $604,800 00 



Securities held as collateral for cash loans 
5 shares Hartford National Bank . 



Market value. Loaned thereon. 

$740 00 $600 00 



Summary of Assets, Dec. 31, 1878. 

Cash value of unencumbered real estate . . $22,296 72 

Loans on mortgage of real estate (first liens*), 362,990 00 

Interest due or accrued thereon . . . 16,084 25 

Stocks, bonds, etc, as per schedule . . 604,800 00 

Loans on collateral security, as per schedule . 600 00 



* Value of lands mortgaged $584,400 00 

Value of buildings thereon 448,000 00 

Amount of insurance held as collateral . . . 270,000 00 



38 



298 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash in the office of the company . 

deposited in various banks 
Interest due and accrued . 
Premiums in course of collection (net) 
Gross Assets .... 



$228 91 

72,764 81 

5,740 95 

18,500 00 



-$1,104,005 64 



Liabilities. 
Losses adjusted, unpaid .... 
claimed and reported . 
disputed or resisted 

Total amount of losses .... 

Unearned premiums on outstanding risks 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 



Surplus over Capital 



$3,794 14 

12,342 50 

7,809 14 

$23,945 78 
161,447 38 



Income. 

Cash received for fire premiums . . . $253,395 80 
Deduct re-insurance and return premiums . . 15,732 51 

Net cash received for fire premiums . . 

Interest received on mortgages . . .... 

Interest and dividends received from all other sources . 
Income from rents ......... 



185,393 16 

8018,612 48 
600,000 00 

$31S,612 48 



7,663 29 
37,224 67 
36,360 88 

1,576 43 



Gross Cash Income $312,825 27 



Expenditures. 

Cash paid for fire losses .... 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 



Gross Cash Expenditures 



$88,662 91 
66,000 00 
35,366 47 
25,730 00 
6,936 19 
14,663 63 

8237,359 20 



Fire risks outstanding Dec, 31, 1877 
written during 1878 



Risks and Premiums. 

Premiums. 

$27,905,804 00 $336,072 56 
22,241,874 00 237,663 29 



Total 

Deduct risks expired and terminated 

In force at end of year 
Deduct amount re-insured 

Net amount in force 



$50,147,678 00 $573,735 85 
21,590,543 00 253,490 97 



$28,557,135 00 $320,244 88 
- 104,956 00 1,368 83 



$28,452,179 00 $318,876 05 



1878.] 



INS. COS. OF OTHER STATES. 



299 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Cash dividends declared during the year . . . . 

Stock dividends declared during the year 

Fire losses incurred during the year . 

Company's stock owned by directors . 



$2,477,298 91 

1,103,664 00 

461,000 00 

66,000 00 

100,000 00 

88,577 34 

135,000 00 



NATIONAL FIRE INSURANCE COMPANY OF NEW YORK. 

[Incorporated 1838. Commenced business April 9, 1838.] 

Paid-up Capital, $200,000. 

Henry T. Drowne, President. Secretary, Henry H. Hall. 

Office, No. 52 Wall Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $125,000 00 $134,806 25 

New York Produce Exchange stock . . - 600 00 



$135,406 25 



Securities held as collateral for cash loans : — 



30 shares Mechanics' Bank, Brooklyn 

Summary of Assets, Dec 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in various banks 

Premiums in course of collection (net) . 

Accrued on open policies .... 

Rents due and accrued .... 

Gross Assets 



Liabilities. 



Losses claimed and reported 
disputed or resisted 



Market value. Loaned thereon. 

$2,250 00 $900 00 



31, 1878. 

$18,642 06 

187,500 00 

3,307 50 

135,406 25 

900 00 

3,542 03 

45,569 51 

15,273 30 

400 00 

192 50 



£8,000 00 
2,000 00 



$410,733 15 



* Total value of property mortgaged 
Amount of insurance held as collateral 



$408,000 00 
200,400 00 



300 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Unearned premiums on outstanding risks 
State and local taxes (contested) 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



$73,402 18 
3,000 00 



,402 18 



Surplus over Capital 

Income 

Cash received for fire premiums . . . $146,585 85 
Deduct re-insurance and return premiums . 14,808 32 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents 



1,330 97 
200,000 00 

$121,330 97 



1131,777 53 

15,210 80 

5,816 19 

100 00 



Gross Cash Income $152,D04 52 



Expenditures. 

Cash paid for fire losses 

Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employes • 

for State and local taxes . 

for incidental expenses . 

Gross Cash Expenditures 

Risks and Premiums. 



$55,973 30 
20,000 00 
20,582 80 
19,819 42 
1,244 23 
19,566 84 

$1:37,186 59 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force . 



Premiums. 

$24,952,742 00 $167,173 71 
24,430,772 00 156,250 96 



$49,383,514 00 $323,424 67 
26,253,444 00 172.257 67 



$23,130,070 00 $151,167 00 
58,950 00 679 16 



$23,071,120 00 $150,487 84 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . . . . 
Company's stock owned by directors . . . . 



82.743,972 85 
1,328,414 56 

890,056 00 
20,000 00 
58,190 27 
58,087 50 



1878.] 



INS. COS. OF OTHER STATES. 



301 



NEWARK CITY INSURANCE COMPANY, NEWARK, N.J. 

[Incorporated March 5, 1857. Commenced business March 21, I860.] 

Paid-up Capital, $200,000. 

Horace J. Pointer, President. Asst. Secretary, Henry Schoppe. 

Office, No. 191 Market Street. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 
Essex county road improvement bonds 
Newark city war bounty bonds 
Essex county bounty bonds 
Newark city improvement bonds 



Par value. 

$26,000 00 

14,000 00 

3,000 00 

3,000 00 

10,000 00 



Market value. 

$27,813 75 

15,120 00 

3,300 00 

3,300 00 

11,200 00 



$56,000 00 $60,733 75 



Summary of Assets, Dec 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued . 
Premiums in course of collection (gross) 
Rents due and accrued . 
Scrip dividends .... 
Gross Assets .... 

Liabilities 
Losses adjusted, unpaid . 

claimed and reported . 

• disputed or resisted 
Unearned premiums on outstanding risks 
Unpaid scrip ordered to be redeemed 
Due and accrued for rent, salaries, etc. 
Commissions and brokerage . 
Return premiums .... 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 



31, 1878. 

$84,500 00 

104,466 01 

4,282 82 

60,733 75 

6,091 33 

43,701 15 

404 55 

7,427 18 

621 75 

388 00 



$4,417 96 

1,172 88 

1,875 00 

55,778 74 

41 00 

53 69 

1,615 82 

434 67 



$312,616 54 



- 65,389 76 

. $247,226 78 
. 200,000 00 



$47,226 78 



* Value of lands mortgaged $95,000 00 

Value of buildings thereon 191,500 00 

Amount of insurance held as collateral . . . 138,000 00 



302 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 

Cash received for fire premiums . . . $119,468 50 
Deduct re-insurance and return premiums . 9,232 63 

Net cash received for fire premiums . . $110,235 87 

Interest received on mortgages 7,052 42 

Interest and dividends received from all other sources . . 3,968 45 
Income from rents and other sources 4,785 81 

Gross Cash Income $126,042 55 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid 

Cash paid for redemption of scrip 

for commissions and brokerage 
for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 



,647 26 
381 96 



$61,265 30 

14,000 00 

9 00 

23,026 17 

12,346 00 

3,457 89 

6,381 15 

$120,485 51 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$10,355,736 99 $121,982 99 
11,672,099 81 119,034 32 



$22,027,836 80 $241,017 31 
11,727,707 20 128,175 24 



810,300,129 60 $112,842 07 
168,573 80 1,648 20 



$10,131,555 80 Sill, 193 87 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (7 per cent) 
Fire losses incurred during the year . 
Company's stock owned by directors . 



81,058,574 00 

. 418,778 32 

151,641 42 

14,000 00 

52,840 61 

77,600 00 



1878.] 



INS. COS. OF OTHER STATES. 



303 



NEWARK FIRE INSURANCE COMPANY, NEWARK, N.J. 

[Incorporated May 10, 1810. Commenced business May 10, 1810.] 

Paid-up Capital, $250,000.* 

Cephas M. Woodruff, President. Secretary, John J. Henry. 

Office, No. 741 Broad Street. 



Detailed Statement of Stocks, 



National State Bank stock 
Newark City National Bank stock . 
National Newark Banking Company stock 
Mechanics' National Bank stock 
Mechanics' Insurance Company stock 
Morris and Essex Railroad stock 
United States bonds .... 



Summary of Assets, Dec 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens f) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule . 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued . 
Premiums in course of collection (gross) 
Rents due and accrued . 

Gross Assets .... 

Liabilities. 
Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Interest due or accrued on scrip 
Dividends on participating policies . 
Due and accrued for rent, salaries, etc. 
Commissions and brokerage . 
Return premiums .... 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 

Surplus over Capital 



Bonds, Etc. 

Par value. 

$11,400 00 

13,250 00 

7,700 00 

4,550 00 

1,050 00 

10,000 00 

150,000 00 



Market value. 

$11,400 00 
15,900 00 
9,240 00 
7,735 00 
1,312 50 
7,600 00 

160,600 00 



$197,950 00 $213,787 50 


31, 1878. 


$57,500 00 


402,555 00 


11,344 24 


213,787 50 


4,427 19 


36,533 69 


3,125 00 


10,415 99 


424 50 


8K710 US 11 




$665 00 


4,150 00 


252 54 


104,278 74 


8,160 76 


1,755 00 


564 00 


3,081 00 


674 44 

1oq kqi aq 



. $616,531 63 
. 250,000 00 

. $366,531 63 



* Represented by scrip pledged to meet losses. 

t Value of lands mortgaged $550,895 00 

Value of buildings tbereon 590,605 00 

Amount of insurance held as collateral . . . 513,570 00 



304 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 
Cash received for fire premiums . . . 8*211,687 28 
Deduct re-insurance and return premiums . 20,200 20 

Net cash received for fire premiums . . 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 
Income from rents ......... 



Gross Cash Income 

Expenditures. 

Cash paid for fire losses 849,748 95 

Deduct salvage and re-insurance . . . 601 15 

Net cash paid for fire losses 

Cash dividends paid 

Cash dividends paid on participating policies 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidental expenses . 

Gross Cash Expenditures 

Risks and Premiums. 



8191,487 08 

30,234 97 

5,368 88 

487 50 

7,578 43 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



814,657,797 29 
25,674,732 29 



,147 80 
24,018 15 
15,892 25 
38,629 95 
10,367 79 
2,183 84 
11,959 08 

8152,198 86 



Premiums. 

.312 21 
226,156 77 



840.332,529 58 8324.468 98 
19,217,087 58 120.419 77 



821,115,442 00 8204,049 21 
578,015 39 4,574 78 



820,537,426 61 8199,474 43 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year . 

Fire losses incurred during the year . 

Company's stock owned by directors . 



81,457,332 97 

261,714 83 

530,966 79 

24,758 00 

54,816 59 

24,250 00 



1878.] 



INS. COS. OF OTHER STATES. 



305 



NEW HAMPSHIRE FIRE INSURANCE COMPANY, MAN- 
CHESTER, N.H. 

[Incorporated, 1869. Commenced business April, 1870.] 

Paid-up Capital, $250,000. 

E. A. Straw, President. Secretary, John C. French. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 

Manchester city bonds, 6s 

St. Louis city bonds, 6s . 

Chicago city bonds, 7s . 

Michigan Air Line Railroad bonds, 8s 

Cleveland city bonds, 7s . 

Maine Central Railroad bonds, 6s . 

Cheshire Railroad bonds, 6s . 

Chicago, Burling., and Quincy R.R. bonds, 7s 

Burlington and Missouri Riv. R.R. bonds, 7s 

Jackson, L., and S. Railroad bonds, 8s 

Zanesville (O.) city bonds, 8s . 

Marion (Ind.) county bonds, 8s 

New Hampshire state bonds, 6s 

Hillsborough county bonds 

Concord city bonds, 6s . 

Marietta (O.) city bonds, 8s . 

Suncook Valley Railroad stock 

City National Bank stock 



Par value. 

$125,000 00 
51,700 00 
17,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
13,000 00 
14,000 00 
10,000 00 
10,000 00 
10,000 00 
25,000 00 
11,000 00 
5,000 00 
2,000 00 
10,000 00 
4,000 00 
10,000 00 



Market value. 

$132,843 75 

54,804 00 

17,510 00 

10,700 00 

10,500 00 

10,200 00 

9,075 00 

13,000 00 

15,400 00 

11,000 00 

9,905 75 

10,500 00 

26,500 00 

12,100 00 

5,100 00 

2,100 00 

10,500 00 

4,000 00 

9,000 00 



Securities held as collateral for cash loans : — 



40 shares Manchester and Lawrence R.R. 
10 shares Amoskeag National Bank 
N. E. Loan Company's bonds . 
Personal note, secured .... 
Boston, Concord, and M. Railroad bonds 



$357,700 00 $374,738 50 

Market value. Loaned thereon. 

$6,000 00 $4,000 00 



1,250 00 
12,000 00 

8,000 00 
17,000 00 



1,000 00 
10,000 00 

6,000 00 
15,000 00 



Summary of Assets, Dec. 31, 1878 

Loans on mortgage of real estate (first liens*) , 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in Amoskeag National Bank 
Interest due and accrued .... 
Premiums in course of collection (net) . 
Gross Assets 



$44,250 00 $36,000 00 


1, 1878. 


$61,053 86 


374,738 50 


36,000 00 


7,058 65 


15,285 65 


3,100 00 


10,380 24 

«p.n7 rir on 



* Total value of property mortgaged 
Amount of insurance held as collateral 

39 



$166,750 00 
62,150 00 



306 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 
Losses adjusted, unpaid .... 
claimed and reported . 
disputed or resisted 
Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 



Surplus over Capital 



$15,500 00 
6,709 81 
2,000 00 

105,727 70 



$129,937 51 

|377,679 39 

250,000 00 

8127,679 39 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 

Income from commissions .... 



$188,918 25 
17,426 19 



$171,492 06 

28,914 86 

300 00 



Gross Cash Income $200,706 92 



Expenditures. 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 



$101,296 38 

20,000 00 

31,040 14 

6,711 45 

6,059 65 

8,201 66 

8173,309 28 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1877 . $18,237,758 00 $207,585 31 
written during 1875 . . 17,141,815 00 171,492 06 



Total 

Deduct risks expired and terminated 

In force at end of year 



£35,379,573 00 $379,077 37 
16,786,776 00 170,587 57 



$18,592,797 00 $208,489 SO 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (8 per cent) 

Fire losses incurred during the year 

Company's stock owned by directors 



$1,083,155 23 
515,517 90 
124,000 00 

20,000 00 
104,879 19 

95,000 00 



1878.] 



INS. COS. OF OTHER STATES. 



307 



NEW YORK BOWERY FIRE INSURANCE COMPANY OF THE 
CITY OF NEW YORK, N.Y. 

[Incorporated April, 1833. Commenced business Sept. 24, 1833.] 

Paid-up Capital, $300,000. 

George G. Taylor, President. Secretary, John A. Delanoy, Jr. 

Office, No. 124 Bowery. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $454,050 00 $478,271 00 

Central Pacific Railroad bonds . . . 50,000 00 54,250 00 
West Chester town bonds .... 15,000 00 15,000 00 



$519,050 00 $547,521 00 



Securities held as collateral for cash loans : — 

62 shares Nat'l Butchers' and Drovers' Bank, 

50 " Stuyvesant Insurance Company- 
New York city bond .... 
Central Pacific Railroad bond 
United States bonds .... 
Savings bank book assigned . 
240 shares Knickerbocker Ice Company . 

50 

20 

13 

50 

10 
160 

22 



Oriental Bank 

New York Fire Insurance Co. 
Manhattan Gas Company 
Importers' and Traders' Bank 
German American Bank 
Stuyvesant Insurance Company 
Citizens' Insurance Company . 



Market value. 

81,550 00 
1,625 00 
1,040 00 
1,080 00 

11,500 00 
4,800 00 

14,400 00 

1,625 00 

2,600 00 

975 00 

10,000 00 

1,000 00 

5,200 00 

990 00 



Loaned thereon. 

$1,500 00 

I 3,300 00 

10,500 00 
3,400 00 
7,000 00 
1,250 00 

I 2,800 00 
l 7,400 00 
I 5,600 00 



$58,385 00 $42,750 00 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens*), $173,650 00 

Interest due or accrued thereon . . . 1,759 24 

Stocks, bonds, etc., as per schedule . . 547,521 00 

Loans on collateral security, as per schedule . 42,750 00 

Cash in the office of the company . . . 741 63 
deposited in Nat'l Butchers' and Drovers' 

Bank 6,940 81 

Interest due and accrued .... 1,593 68 

Premiums in course of collection (gross) . 10,930 10 

Rents due and accrued 100 00 

Premiums more than 3 months due, $285 43 

Gross Assets $785,986 46 



* Total value of property mortgaged 
Amount of insurance held as collateral 



$413,500 00 
212,600 00 



308 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. . 
State and local taxes .... 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 



Surplus over Capital 



$2,500 00 
2,000 00 

60,618 72 
1,000 00 
7,000 00 
2,300 00 



$75,418 72 

$710,567 74 
300,000 00 

$410,567 74 



Income. 

Cash received for fire premiums . . . $140,672 81 
Deduct re-insurance and return premiums . 3,259 71 

Net cash received for fire premiums . . 

Interest received on mortgages . . .... 

Interest and dividends received from all other sources . 
Income from rents 



$137,413 10 

13,141 12 

29,113 71 

776 14 



Gross Cash Income $180,444 07 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for interest on borrowed money 
for incidental expenses . 

Gross Cash Expenditures 



$37,957 01 
1,078 56 



$36,878 45 
60,000 00 
15,294 32 
29,100 00 
1,087 79 
35 00 
16,789 57 

$159,185 13 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force . 



Preminms. 

$28,435,977 39 $116,010 89 
33,546,429 72 140,672 81 



$61,982,407 11 $256,683 70 
32,866,392 85 137,222 00 



$29,116,014 26 $119,461 70 
400,667 50 2,448 51 



$28,715,346 76 $117,013 19 



1878.] 



INS. COS. OF OTHER STATES. 



309 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (20 per cent) . 
Fire losses incurred during the year . 

Company's stock owned by directors . 



$4,406,582 82 

1,549,204 59 

2,416,500 00 

60,000 00 

34,889 13 

85,625 00 



NEW YORK CITY INSURANCE COMPANY, NEW YORK. 

[Incorporated Feb. 19, 1872. Commenced business March 1, 1872.} 

Paid-up Capital, $300,000. 

Richard L. Franklin, President. Secretary, William M. Randell. 

Office, No. 100 Broadway. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds ..... 
New York Guaranty and Indemnity Co. stock, 
Brooklyn city bonds, 7s . 
New York Produce Exchange stock 



Par value. Market value. 

$345,000 00 $360,875 00 

3,500 00 3,500 00 

20,000 00 21,300 00 

300 00 300 00 



$368,800 00 $385,975 00 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens*), $10,000 00 

Interest due or accrued thereon ... 58 33 

Stocks, bonds, etc., as per schedule . . . 385,975 00 

Cash in the office of the company . . . 6,647 28 

deposited in bank 13,590 80 

Interest due and accrued . , 1,146 67 

Premiums in course of collection (gross) . . 12,212 77 
Premiums more than 3 months due . $609 55 

Gross Assets 



$429,630 85 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Due for borrowed money 
Commissions and brokerage 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 



$3,687 04 
3,250 00 
2,903 41 

56,979 57 
6,000 00 
1,750 00 



74,570 02 

$355,060 83 
300,000 00 

$55,060 83 



* Value of lands mortgaged 
Value of buildings thereon . 
Amount of insurance held as collateral 



$5,000 00 

10,000 00 

8,000 00 



310 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 
Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Interest received on mortgages 



$122,713 61 
19,238 14 



Interest and dividends received from all other sources 
Received for increased capital, $172,191 67 



$103,475 47 

406 00 

18,950 07 



Gross Cash Income $122,831 54 



Expenditures. 

Cash paid for fire losses 

Deduct salvage and re-insurance 

Net cash paid for fire losses . . . . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes 



$55,472 35 
2,325 68 



|53 } 146 67 

18,205 05 

15,656 85 

548 40 



for incidental expenses 18,651 39 



Gross Cash Expenditures $106,208 36 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$10,552,762 00 $83,961 14 
16,273,322 43 121,634 99 



$26,826,084 43 $205,596 13 
11,321,017 73 85,759 49 



$15,505,066 70 $119,836 64 
818,808 09 6,834 54 



$14,686,258 61 $113,002 10 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Fire losses incurred during the year . . . . 
Company's stock owned by directors .... 



$798,027 00 

407,449 00 

80,000 00 

54,272 46 

71,600 00 



1878.] 



INS. COS. OF OTHER STATES. 



311 



NEW YORK AND BOSTON INSURANCE COMPANY, NEW 

YORK. 

[Incorporated July 28, 1876. Commenced business Aug. 1, 1876.] 

Paid-up Capital, $200,000. 

A. G. Stevens, President. Secretary, R. L. Livingston. 

Office, No. 176 Broadway. 

Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate . 


$32,982 17 




Loans on mortgage of real estate (first liens*) 


, 36,250 00 




Interest due or accrued thereon 


1,327 96 




United States bonds .... 


166,963 75 




Cash in the office of the company . 


880 23 




deposited in bank .... 


743 35 




Premiums in course of collection (gross) . 


2,674 58 




Rents due, etc. 


708 00 




Premiums more than 3 months due . $120 71 






Gross Assets 




$242,530 04 




Liabilities. 






Losses adjusted, unpaid .... 


. $1,685 93 




claimed and reported . 


233 33 




disputed or resisted . . 


500 00 




Unearned premiums on outstanding risks 


11,052 54 




Due and accrued for salaries, etc. . 


1,875 00 




State and local taxes . 


885 49 




Commissions and brokerage . 


741 43 




Rent, stationery, etc 


985 03 




Gross Liabilities, except Capital 




17,958 75 




Surplus as regards Policy-holders 


$224,571 29 






200,000 00 




$24,571 29 


Income. 






Cash received for fire premiums 


$23,800 18 




Deduct re-insurance and return premiums 


3,585 66 




Net cash received for fire premiums 




$20,214 52 




Cash received for marine and inland premiums 


$9,365 65 




Deduct re-insurance and return premiums 


520 81 




Net cash received for marine and inPd prems 




8,844 84 




Interest received on mortgages 


. 


2,135 00 


Interest and dividends received from all other 


sources . 


7,218 49 






610 00 


Received for calls on capital . $40,000 0C 


) 




$39,022 85 




$29,000 00 




37,500 00 


Amount of insurance held as collateral . 


35,900 00 



312 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Expenditures. 
Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash paid for commissions and brokerage 

for salaries of officers and employe's 

for State and local taxes . 

for interest on borrowed money 

for incidental expenses . 

Gross Cash Expenditures . 



810,138 34 
23 50 

.891 17 
141 10 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 



written during during 1878 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks written during 1878 . 
Deduct risks expired and terminated 



In force at end of year 



$4,615,540 71 
3,920,991 98 

$8,536,532 69 
5,244,826 05 

63,291,706 64 
209,729 59 



$16,114 84 



3,750 07 
5,697 69 
8,390 68 
1,260 60 
28 11 
6,033 87 

$41,275 86 

Premiums. 

$39,777 15 
23.849 43 

.626 58 
41,257 09 

$22,369 49 
1,306 63 



$3,081,977 05 $21,062 S6 



$8,213,096 20 
8,181,081 61 



802,014 59 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Fire losses incurred during the year 
Marine and inland losses incurred during the year 
Company's stock owned by directors 



$9,941 10 
9,553 35 

^7 75 



$89,338 34 

39,9S7 18 

12.206 75 

32 53 

77,000 00 



NIAGARA FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated July, 1850. Commenced business August, 1850.] 

Paid-up Capital, $500,000. 

Henry A. Howe, President. Secretary, Peter Notman. 

Office, No. 201 Broadway. 
Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $900,000 00 $955,250 00 

Jersey City bonds S,000 00 8,640 00 

District of Columbia bonds .... 10,000 00 7.900 00 



$91S,000 00 $971,790 00 



1878.] 



INS. COS. OF OTHER STATES. 



313 



Securities held as collateral for cash loans: 

Central Railroad of New Jersey bonds 
Lehigh and AVilkesbarre indorsed bonds 
Chesapeake and Ohio R.R. guar, bonds 
202 shares Del., Lack., and W. R.R. 
116 " New Jersey Zinc Company 

15 " Warren Railroad . 
Buffalo, B., and Pitts. R.R. bonds . 
Central Railroad of New Jersey bonds 
50 shares Central R.R. of New Jersey 
20 " First Nat'l Bank, Stamford 

6 " N. Y., N. H., andH. R.R. 
United States bond, $500 
7 shares Nat'l Bank of Commerce, N.Y. 
Augusta city bond, $1,000 
40 shares Lorillard Insurance Company 



Summary of Assets, Dec 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in bank .... 
Interest due or accrued thereon 
Premiums in course of collection (net) . 

Gross Assets 

Deduct special deposits in other States . 

Balance 



Market value. Loaned thereon. 

| $122,100 00 $100,000 00 
50,000 00 25,000 00 

► 23,050 00 18,500 00 
I 3,680 00 1,200 00 

I 4,400 00 3,000 00 
I 1,800 00 1,300 00 



900 00 



600 00 



Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Dividends to stockholders, unpaid . 
State and local taxes .... 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 



$205,930 00 $149,600 00 

31, 1878. 

$23,500 00 

104,000 00 

3,727 50 

971,790 00 

149,600 00 

862 00 

14,012 00 

7,136 50 

55,022 00 

$1,329,650 00 

25,000 00 



$1,304,650 00 



$30,334 00 

15,385 00 

323,183 00 

236 00 

5,500 00 



$374,638 00 
4,600 00 



370,038 00 



Surplus as regards Policy-holders $934,612 00 

Paid-up Capital . . 500,000 00 



Surplus over Capital 



$434,612 00 



* Value of lands mortgaged $115,500 00 

Value of buildings thereon 100,000 00 

Amount of insurance held as collateral . . . 83,250 00 
40 



314 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



INCOME. 

Cash received for fire premiums . . . $527,849 00 
Deduct re-insurance and return premiums . 73,102 00 

Net cash received for fire premiums . . $454,747 00 

Interest received on mortgages 7,750 00 

Interest and dividends received from all other sources . . 01,293 00 

Income from sale of securities . . . .... 8,650 00 



Gross Cash Income $532,440 00 



Expenditures. 

Cash paid for fire losses 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash dividends paid . . . . . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 



$273,491 00 
20,478 00 



1,018 00 

54,869 00 
.798 00 
58,376 00 
15,217 00 
68,288 00 



Gross Cash Expenditures $525,561 00 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Risks and Premiums. 

Premiums. 

$62,947,538 00 $675,801 00 
60,605,387 00 526,234 47 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$123,552,925 00 81,202,035 47 
54,745,225 00 530,238 41 



$68,807,700 00 $671,797 06 
1,666,852 00 31,789 55 



$67,140,848 00 $640,007 51 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (11 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



$10,697,199 00 
6,057,119 00 
1,459,000 00 
55,000 00 
231,884 00 
217,150 00 



1878.] 



INS. COS. OF OTHER STATES. 



315 



NORTHERN INSURANCE COMPANY, WATERTOWN, N.Y. 

[Incorporated March 23, 1872. Commenced business March 23, 1872.] 

Paid-up Capital, $250,000. 

G. Lord, President. Secretary, A. H. Wray. 



Detailed Statement of Stocks, 



United States bonds .... 
Clayton and Theresa Railroad bonds 
Keokuk and Des Moines Railroad bonds 
Utica, Clinton, and Binghamton R.R. bonds 
Carthage, Watertown, and S. H. R.R. bonds 
Manistee city bonds .... 

Rome, Watertown, and O. Railroad bonds 



Securities held as collateral for cash loans : — 

Davis Sewing Machine Company bonds . 

80 shares Merchants' Bank, Watertown . 

60 " Watertown Steam Engine Company, 

50 " Jefferson County Bank 

Mortgage on city property .... 

Bond and mortgage 



Bonds, Etc. 

Par value. 

$65,200 00 

10,000 00 

4,000 00 

1,000 00 

1,000 00 

400 00 

14,000 00 



Market value 

^69,554 62 

10,000 00 

4,000 00 

1,000 00 

1,000 00 

400 00 

14,000 00 



$95,600 00 $99,954 62 

Market value. Loaned thereon. 

$12,000 00 $9,741 72 

5,600 00 > 

4,500 00 I 6 ' 00000 

6,000 00 > 

324 5 [ 5 ' 50000 

1,000 00 900 00 



$29,424 05 $22,141 72 



Summary of Assets, Dec 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued .... 
Premiums in course of collection (gross) . 
Rents due and accrued .... 
Office furniture .... $2,000 00 
Claim against bankrupt bank . . 774 00 

Gross Assets ...... 

Liabilities. 
Losses adjusted, unpaid 

claimed and reported . 

disputed or resisted . . . . 

Unearned premiums on outstanding risks 



31, 1878. 

$42,957 00 

143,281 45 

5,464 67 

99,954 62 

22,141 72 

1,900 89 

67,748 01 

303 26 

26,545 82 

169 23 



$410,466 67 



$13,820 26 

3,200 00 

2,100 00 

84,529 42 



* Value of lands mortgaged $167,638 00 

Value of buildings thereon 120,262 00 

Amount of insurance held as collateral . . . 96,210 00 



316 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



State and local taxes 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



$53,127 00 



83 
44 



Surplus over Capital 

Income 
Cash received for fire premiums . . . $190,065 
Deduct re-insurance and return premiums . 31,919 

Net cash received for fire premiums . . $158,146 39 

Interest received on bonds and mortgages .... 19,800 88 
Interest and dividends received from all other sources . . 1,988 94 

Income from rents and gold premiums 835 77 

Gross Cash Income $180,771 98 



$1,834 
1,855 



16 
83 



- $107,339 67 

. $303,127 00 
. 250,000 00 



Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidental expenses . 

Gross Cash Expenditures . 

Risks and Premiums. 



$76,550 
2,013 



12 
36 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$9,945,756 
15,061,912 



1.536 76 

26,119 16 

15,317 97 

4,51 

11,861 82 

$132,349 47 



Premiums. 

09 $146,267 55 
92 194,065 83 



$25,007,669 
12,712,442 



01 $340,333 38 
33 169,269 50 



$12,295,226 
289,561 



68 $171,063 88 
08 5,275 76 



$12,005,665 60 $165,788 12 



Miscellaneous. 

Premiums received from organization of company . $1,021,187 72 

Losses paid from organization of company .... 671,193 24 
Cash dividends declared from organization of company . 10,000 00 

Fire losses incurred during the year 84,514 58 

Company's stock owned by directors 90,400 00 






1878.] 



INS. COS. OF OTHER STATES. 



31T 



NORTH-WESTERN NATIONAL INSURANCE COMPANY, 
MILWAUKEE, WIS. 

[Incorporated Feb. 20, 1869. Commenced business July 1, 1869.] 

Paid-up Capital, $600,000. 

Alexander Mitchell, President. Secretary, John P. McGregor. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 

Mil. and St. Paul R. R. bonds, 1st mort., 8s . 
Chic., Mil., and St. P. R.R. bonds, 1st mort. ,7s, 
Milwaukee Iron Company's bonds . 
Milwaukee city water bonds .... 



Par value. Market value. 

$360,000 00 $394,350 00 
15,000 00 18,000 00 



40,000 00 

20,000 00 

150,000 00 



42,400 00 

10,000 00 

165,000 00 



$585,000 00 $629,750 00 



Summary of Assets, Dec. 31, 1878. 



Loans on mortgage of real estate (first liens*) 


, $151,000 00 




Interest due or accrued thereon 


2,013 33 




Stocks, bonds, etc., as per schedule 


. 629,750 00 




Cash in the office of the company . 


5,383 31 




deposited in Wisconsin Fire and Marine 


i 




Insurance Company's bank . 


100,918 47 




Interest due and accrued 


1,216 67 




Premiums in course of collection (gross) . 


29,259 04 




Salvages ....... 


1,299 67 




Due from insurance companies 


481 96 




Board of Trade certificates . 


455 00 




Gross Assets 




$921,777 45 




Liabilities. 






Losses adjusted, unpaid .... 


$3,035 35 




claimed and reported . 


17,870 00 




disputed or resisted 


6,375 00 




Unearned premiums on outstanding risks 


145,223 42 




Commissions and brokerage . 


4,679 11 ■ 




Due insurance companies 


1,660 78 




Gross Liabilities, except Capital 




178,843 66 




Surplus as regards Policy-holders 


742,933 79 






600,0C0 00 




142,933 79 


Income. 






Cash received for fire premiums 


. $256,779 07 




Deduct re-insurance and return premiums 


18,881 82 




Net cash received for fire premiums 




$237,897 25 






. $291,000 






Amount of insurance held as collateral 


. 118,600 



318 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash received for marine and inland premiums, $57,798 42 
Deduct re-insurance and return premiums . 1,652 26 

Net cash received for marine and inland prems. 

Unpaid premium notes received dur- 
ing the year $30 00 

Interest received on bonds and mortgages .... 
Interest and dividends received from all other sources . 

Gross Cash Income 



Expenditures. 
Cash paid for fire losses $99,693 62 

Deduct salvage and re-insurance ... 50 88 

Net cash paid for fire losses 

Cash paid for marine and inland losses . . $30,758 19 

Deduct salvage and re-insurance . . . 688 13 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidental expenses . 

Gross Cash Expenditures . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year 
Deduct amount re-insured 

Net amount in force . 

Marine risks outstanding Dec. 31, 1877 
written during 1S78 

Total 

Deduct risks expired and terminated 

In force at end of year 



$25,343,595 00 
28,493,917 00 

$53,837,512 00 
30,322,742 00 

823,514,770 00 
325,875 00 



$56,146 16 



12,080 00 
33,370 37 

$339,493 78 



99,642 74 



30,070 06 
36,000 00 
40.129 76 
26,034 97 
9,378 02 
28,919 87 

$270,175 42 

Premiums. 

8204.068 30 
256,779 07 

$550,847 37 
270,323 13 

'.524 24 
2.457 39 



$23,188,895 00 S278,066 85 



$170,000 00 

9,143,518 00 

#,313,518 00 

9,063,518 00 



83,400 00 
57 r 79S 42 

$61,198 42 
56,198 42 



$250,000 00 85,000 00 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (6 per cent) . 
Fire losses incurred during the year . . . . 
Marine and inland losses incurred during the year 
Company's stock owned by directors . 



$3,339,044 53 

1,877,694 16 

216,000 00 

36,000 00 

104,176 54 

31,526 06 

345,000 00 






1878.] 



INS. COS. OF OTHER STATES. 



319 



ORIENT INSURANCE COMPANY, HARTFORD, CONN. 

[Incorporated June, 1867. Commenced business January, 1872.] 

Paid-up Capital, $500,000. 

Selden C. Preston, President. Secretary, George W. Lester. 



Detailed Statement of Stocks, 

504 shares American Nat'l Bank, Hartford 

120 

130 

100 

119 

62 
182 
124 
324 

75 
100 
247 
400 



iEtna National Bank, Hartford 
Charter Oak Nat'l Bank, Hartford, 
Farm, and Mech. Nat'l B'k, H'f'd, 
Mercantile Nat'l Bank, Hartford 
Phoenix National Bank, Hartford 
Exchange Nat'l Bank, Hartford 
City National Bank, Hartford 
Hartford Nat'l Bank, Hartford 
Metropolitan Nat'l Bank, N.Y. 
Conn.Trust and Safe Dep.Co., H'f'd 
N. Y., N. H., and Hartford R.R. 
Cleveland and Pittsburg Railroad 
Indiana Central Railroad Co. bonds, 10s 
Indianap. and Cin. R.R. Co. bonds, 1858, 7s 
County of Peoria (111.) bonds, 8s 
Fifth School Dist. (E. Windsor, Ct.) bonds, 7s 
Town of Pawtucket (R.I.) bonds, 7s 
City of New Brunswick (N.J.) bonds, 6s 
City of Evansville (Ind.) bonds, 7s 
Atlantic Dock Company bonds, 7s . 
Ninth School Dist. (Windsor, Ct.) bonds, 8s 
Town of Norwich (Ct.) bonds, 7s . 
City of Lockport (N.Y.) bonds, 7s 
City of Washington (Ind.) school bonds, 8s 
City of Indianapolis (Ind.) bonds, 6s 
County of Macon (111.) bonds, 8s . 
United States bonds, 1881, 6s (coupons) 



Bonds, Etc. 

Par value. 

$25,200 00 
12,000 00 
13,000 00 
10,000 00 
11,900 00 

6,200 00 

9,100 00 
12,400 00 
32,400 00 

7,500 00 
10,000 00 
24,700 00 
20,000 00 
10,000 00 
11,000 00 

5,000 00 
10,000 00 
25,000 00 
10,000 00 
15,000 00 

9,000 00 

3,000 00 
60,000 00 
10,000 00 
15,000 00 
20,000 00 

4,000 00 
10,000 00 



Market value. 

$30,744 00 
13,800 00 
16,900 00 
11,400 00 
14,399 00 

9,424 00 
12,012 00 

9,300 00 
48,600 00 

8,775 00 

6,200 00 
38,779 00 
16,600 00 
11,000 00 
10,340 00 

5,500 00 
11,000 00 
28,750 00 
10,500 00 
15,000 00 

9,450 00 

3,300 00 
69,000 00 
11,000 00 
16,500 00 
20,000 00 

4,000 00 
10,650 00 



$411,400 00 $472,923 00 



Securities held as collateral for cash loans : - 
5 shares iEtna National Bank, Hartford 



25 

25 

30 

2 

15 

5 

3 



National Fire Ins. Co., Hartford 
Adams Express Company 
iEtna Life Ins. Co., Hartford . , 
iEtna Fire Ins. Co., Hartford . 
American Nat'l Bank, Hartford 
Charter Oak Nat'l Bank, Hartford, 
First National Bank, Hartford 



Market value. 


Loaned thereon. 


$575 00 


$300 00 


3,425 00 


600 00 


2,650 00 


1,625 00 


3,750 00 


1,200 00 


426 00" 
915 00 
650 00 




► 1,880 00 


273 00 





320 



FIRE, MARINE, AND FIRE-MARINE [Dec. 3!, 



388 shares Willimantic Linen Company . 
1 first mortgage bond .... 



825,608 00 $20,000 00 
1,000 00 900 00 



$39,272 00 $26,505 00 



Summary of Assets, Dec 

Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*) 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in American National bank 
Interest due and accrued 
Premiums in course of collection (net) . 
Gross Assets 



31, 1878. 

826,767 31 

167,000 00 

2,736 68 

472,923 00 

26,505 00 

1,114 92 

55,097 78 

8,330 15 

27,066 72 



8787,541 56 



Liabilities. 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 



Income 

Cash received for fire premiums . . . $251,469 58 

Deduct re-insurance and return premiums . 24,740 78 

Net cash received for fire premiums 

Interest received on mortgages 

Interest and dividends received from all other sources 



$17,776 37 
141,112 19 



158,888 56 



2 3, 653 00 
. 500,000 00 



. $128,653 00 



8226,728 80 
11,418 96 
36,963 34 



Gross Cash Income $275,111 10 



Expenditures. 

Cash paid for fire losses . 

Cash dividends paid . . . . . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 



Gross Cash Expenditures 



$113,132 25 
55,000 00 
34.466 23 
19,716 76 
6,098 03 
19,844 20 

1248,257 47 



* Total value of property mortgaged 
Amount of insurance held as collateral 



$407,490 00 
158,000 00 



1878.] 



INS. COS. OF OTHER STATES. 



321 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Risks and Premiums. . 

Premiums. 

$22,891,212 00 $28S,8S2 64 
22,144,884 00 251,409 58 



Total 

Deduct risks expired, terminated, and re- 
insured ...... 

Net amount in force 



$45,036,096 00 $540,352 22 
21,906,798 00 265,061 20 



$23,129,298 00 $275,291 02 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (11 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



$2,332,703 18 

1,205,995 84 

295,000 00 

55,000 00 

121,412 18 

56,600 00 



ORIENT MUTUAL INSURANCE COMPANY, NEW YORK. 

[Incorporated Feb. 18, 1854. Commenced business March 1, 1854.] 

Eugene Dutilh, President. Secretary, Charles Irving. 

Office, No. 41 Wall Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $200,000 00 $214,562 50 

Sandy Hook Quarantine and City Island Tele- 
graph Company, stock .... 1,000 00 1,000 00 



$201,000 00 8215,562 50 

Securities held as collateral for cash loans: — 
Bill of sale and policy of insurance on pilot boat 



Loaned thereon. 

$250 00 



Summary of Assets, Dec. 31, 1878. 

Cash value of unencumbered real estate . . $350,029 18 

Stocks, bonds, etc., as per schedule . . 215,562 50 

Loans on collateral security, as per schedule . 250 00 

Cash deposited in various banks . . . 56,697 68 

Premiums in course of collection (gross) . . 58,096 30 

Notes taken for marine and inland risks . . 361,992 97 

Unsettled accounts 3,500 00 

Company's own scrip . . $77,142 00 

Gross Assets $1,046,128 63 

41 



322 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 

Losses claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Unpaid scrip ordered to be redeemed 
Interest due or accrued on scrip 
Commissions and brokerage . 
Re-insurance due 

Gross Liabilities, except Scrip . 

Surplus as regards Policy-holders 
Scrip outstanding, not ordered to be redeemed 



$103,308 00 
5,000 00 
113,571 23 
1,210 00 
8,586 05 
6,426 69 
5,609 25 



. 8243,711 22 

. $802,417 41 
. *593,528 00 



Surplus over Scrip $208,889 41 

Income. 

Cash received for marine and inland premiums, $689,911 02 
Deduct re-insurance and return premiums . 177,687 32 

Net cash received for marine and inl'd prems. $512,223 70 

Interest and dividends received from all sources . . . 11,472 44 
Income from rents 7,400 25 

Gross Cash Income . . $531,096 39 



Expenditures. 

Cash paid for marine and inland losses . 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Interest paid scripholders 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures 



$918,913 24 
254,623 59 



$664,289 65 
848 90 
35,779 55 
43,736 37 
11.323 28 
16,216 69 

8772.194 44 



Marine risks outstanding Dec. 31, 1877 
written during 1878 . 



Risks and Premiums. 

Premiums. 

$17,310,813 00 $130,707 06 
100,041,381 00 658,801 48 



Total 

Deduct risks expired and terminated 

In force at end of year 



$117,352,194 00 $789,508 54 
98,925,236 00 675,937 31 



$18,426,958 00 $113,571 23 



Miscellaneous. 
Marine and inland losses incurred during the year . 



. $625,548 00 



* Not including $77,142 held by company. 



1878.] 



INS. COS. OF OTHER STATES. 



323 



PACIFIC FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated April 26, 1851. Commenced business April 29, 1851.] 

Paid-up Capital, $200,000. 

Thomas F. Jeremiah, President. Secretary, William A. Butler. 

Office, No. JffO Broadway. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $375,000 00 $415,337 50 



Securities held as collateral for cash loans: 

42 shares Marine National Bank 

40 " Mechanics' Bank of Brooklyn . 

50 " Brooklyn Trust Company 

5 " Amity Fire Insurance Company 
Chicago and No. -Western R.R. mort. bonds 
New York Mutual Insurance Company scrip 
100 shares Pacific Bank .... 

40 
100 

20 

20 

30 

18 

30 

40 

10 

10 

10 
2 



Stuyvesant Fire Insurance Co. 
American Express Company . 
Importers' and Traders' Bank 
Chatham Bank 

Importers' and Traders' Ins. Co. 
Importers' and Traders' Ins. Co. 
Star Fire Insurance Company 
St. Nicholas National Bank . 
Merchants' Fire Insurance Co. 
Merchants' Fire Insurance Co. 
Peoples' Fire Insurance Company 
Eighth Avenue Railroad Company 



Market value. 

$3,780 00 

3,400 00 

1,500 00 

275 00 

1,050 00 

130 00 

6,500 00 

1,300 00 

4,600 00 

3,800 00 

500 00 

1,575 00 

945 00 

3,450 00 

2,600 00 

750 00 

750 00 

575 00 

350 00 



Loaned thereon. 

$8,000 00 

3,500 00 
I 3,500 00 

I 2,975 00 

600 00 
2,700 00 
2,000 00 
500 00 
500 00 
400 00 
200 00 



$37,830 00 $24,875 00 
Summary of Assets, Dec, 31, 1878. 



Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*) 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in Pacific Bank 

Interest due and accrued .... 

Premiums in course of collection (net) . 

Premiums more than 3 months due, $653 70 

Gross Assets ...... 



$70,000 00 

167,650 00 

2,679 41 

415,337 50 

24,875 00 

5,425 12 

10,155 86 

6,607 65 

3,123 04 



$705,853 58 



* Value of lands mortgaged 
Value of buildings thereon . 
Amount of insurance held as collateral 



$169,000 00 
160,500 00 
H3.500 00 



324 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 

Losses claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
State and local taxes .... 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 



Surplus over Capital 



82,150 00 
2,400 00 

71,125 55 
4,040 00 



879,721 55 

8626,132 03 
200,000 00 

8120,132 03 



Income. 

Cash received for fire premiums . . . 8137,068 43 
Deduct re-insurance and return premiums . 11,746 26 

Net cash received for fire premiums . . 

Interest received on mortgages . . .... 

Interest and dividends received from all other sources . 
Income from rents ......... 



8125,322 17 

12,588 86 

18,813 18 

2.549 98 



Gross Cash Income 8159,274 19 



Expenditures 

Cash paid for fire losses .... 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for rent and incidentals . 

Gross Cash Expenditures . 



Risks and Premiums. 



838,277 60 
60,000 00 
15,850 90 
26,650 00 
2,858 73 
10,278 88 



8153,916 11 



Fire risks outstanding Dect 31, 1877 



written during 1878 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force . 



Premiums. 

826,643,881 00 $163,289 92 

25,492,71S 00 138,902 82 



852,136,599 00 8302,192 74 
27,791,217 00 163,150 22 



824,345,382 00 8139,042 52 
16S,500 00 905 01 



824,176,882 00 813S,137 51 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (30 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



83,153,158 00 

1,366,358 00 

95S.000 00 

60,000 00 

39.12S 00 

54.450 00 



1878.] 



INS. COS. OF OTHER STATES. 



325 



PACIFIC MUTUAL INSURANCE COMPANY, NEW YORK. 

[Incorporated 1854. Commenced business Jan. 10, 1855.] 

Horace J. Moody, President. Secretary, Willoughby Powell. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds . 

Delaware and Hudson Canal Co. reg'd bonds . 
100 shares American Exchange National Bank, 
50 " National Bank of Commerce . 
Commercial Mutual Insurance Company scrip . 
New York Mutual Insurance Company scrip . 
Atlantic Mutual Insurance Company scrip 
Delaware Mutual Safety Insurance Co. scrip . 
S. H. Quarantine and City Island tel. stock . 



Par value. Market value. 

$318,000 00 $334,640 00 



10,000 00 
10,000 00 
5,000 00 
130 00^1 
70 00 j 



670 00 j 
90 00 j 
1,000 00 



9,700 00 

10,000 00 

5,800 00 

800 00 

900 00 



Securities held as collateral for cash loans : — 



United States Life Insurance Company scrip 
200 shares United States Life Insurance Co. 

40 
100 

30 

38 

88 

25 

50 

20 

10 
575 
100 

40 

40 



United States Trust Company 
Broadway Bank 

Guardian Fire Insurance Company 
Importers' and Traders' Ins. Co. 
Manhattan Company 
People's Bank 

Guardian Fire Insurance Company 
Nassau Fire Insurance Company 
Union Ferry Company . 
Fourth National Bank . 
Central National Bank . 
German American Bank 
Yonkers Gas Light Company 



Virginia Consols 
Virginia Coupons 



Summary of Assets, Dec 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (net) 
Notes taken for marine and inland risks 

Miscellaneous 

Gross Assets . 



y 42,500 00 



$344,960 00 $361,840 00 

Market value. Loaned thereon. 

$4,300 00 
14,900 00 
13,040 00 

5,175 00 

2,160 00 

2,128 00 

5,764 00 
843 75 

3,000 00 1 

1,900 00 

1,160 00 
55,200 00 

9,000 00 

2,700 00J 

1,800 00 



y 61,000 oo 



10,625 00 
6,167 



00 ) 
70 \ 



1,000 00 
13,500 00 



$140,463 45 $118,000 00 

31, 1878. 

$361,840 00 

118,000 00 

1,193 62 

121,836 23 

200 00 

30,639 16 

41,877 24 

2,768 27 

$678,354 52 



326 



FIRE. MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Unpaid scrip ordered to be redeemed 
Interest due or accrued on scrip 
Due and accrued for rent 
Return premiums and re-insurance 
Gross Liabilities, except Scrip . 

Surplus as regards Policy-holders 
Scrip outstanding, not ordered to be redeemed 

Impairment of Scrip reserve . 



§141,800 00 

91,706 95 

12,677 00 

1:3,983 24 

700 00 

5,588 14 



8266,455 33 



. *411,899 19 
. *583,630 00 



t$171,730 81 



Income. 
Cash received for marine and inland premiums, $797,404 56 
Deduct re-insurance and return premiums . 193,043 10 

Net cash received for marine and inl'd premiums, 

Interest and dividends received from all sources 



$604,361 46 
28,359 59 



Gross Cash Income $632,721 05 

Expenditures. 

Cash paid for marine and inland losses . . $642,883 10 
Deduct salvage and re-insurance . . . 97,296 46 

Xet cash paid for marine and inland losses . §5-45. 5S6 64 

Interest paid scripholders . . . .... 451 08 

Cash paid for commissions and brokerage .... 40,916 13 

for salaries of officers and employes . . . 42.185 71 

for State and local taxes . . .... 8,841 87 

for incidental expenses 49,364 19 

Gross Cash Expenditures $6S7,345 62 

Risks and Premiums. 



Marine risks outstanding Dec. 31, 1877 . 



written during 1878 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

85,597,778 00 881,375 69 
90,892,036 00 790,132 84 



$96,489,814 00 $871,508 53 
90,881,549 00 779,801 58 



85,608,265 00 
116,450 00 



891,706 95 
2.76S 27 



85,491, S15 00 $88,938 68 



* Not including $118,181 held by company. 

t Jan. 3, 1879, 30 per cent of outstanding scrip was cancelled, leaving the surplus over 
scrip, exclusive of the amount held by the company, $3,358.19. 



1878.] 



INS. COS. OF OTHER STATES. 



327 



Miscellaneous. 

Premiums received from organization of company- 
Losses paid from organization of company . 
Marine and inland losses incurred during the year 



$16,627,409 35 

10,157,811 94 

592,200 00 



PARK FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated March, 1853. Commenced business March, 1853.] 

Paid-up Capital, #200,000. 

William Jaffrey, President. Secretary, William Valentine. 

Office, No. 170 Broadway. 



Summary of Assets, Dec 
United States bonds .... 
Cash deposited in National Broadway Bank 
Interest due and accrued 
Premiums in course of collection (gross) 
Premiums more than 3 months due . $837 26 
Gross Assets 

Liabilities. 
Losses adjusted, unpaid .... 

disputed or resisted 

Unearned premiums on outstanding risks 

State and local taxes .... 

Commissions and brokerage . 

Rent . . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital ..... 



Surplus over Capital 



Income. 
Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Interest and dividends received from all sources 



31, 1878. 

$312,750 00 
5,556 97 
6,787 50 
4,800 28 



$50 00 

1,000 00 

25,130 27 

567 09 

845 63 

750 00 



$329,894 75 



28,342 99 

$301,551 76 
200,000 00 



,551 76 



$53,811 43 
5,082 69 



$48,728 74 

15,304 56 

Gross Cash Income $54,033 30 

Expenditures. 
Cash paid for fire losses $14,431 04 



Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 



24,000 00 
6,826 01 

11,025 01 

267 92 

6,975 53 

,525 51 



328 FIRE, MARINE, AND FIRE-MARINE [Dec. 81, 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Risks and Premiums. 

Premiums. 

. $8,714,466 00 852,202 46 
. 11,932,698 34 54,710 04 



Total . 
Deduct risks expired and terminated 

In force at end of year 
Deduct amount re-insured . 

Net amount in force 



$20,647,164 34 8100.012 50 
12,587,418 57 56,261 88 



59,745 77 $50,650 62 
351,246 00 711 15 



',708,499 77 $19,939 47 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company . 
Cash dividends declared from organization of company 
Dividends declared during the year (12 per cent) 
Fire losses incurred during the year .... 
Company's stock owned by directors .... 



$2,250,099 55 

1,103,355 08 

630,000 00 

24,000 00 

9,978 82 

52,400 00 



PENNSYLVANIA FIRE INSURANCE COMPANY, PHILADEL- 
PHIA, PENN. 

[Incorporated March, 1825. Commenced business April, 1825.] 

Paid-up Capital, $400,000. 

John Devereux, President. Secretary, William G. Crowell. 

Office, No. 510 Walnut Street. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds . . . . 

Philadelphia city loan .... 
250 shares Phila., Wil., and Bait. R.R. Co. 
Phila., Wil., and Bait. R.R. Co. loans, 6s. 
Pennsylvania Railroad Company loan 
Philadelphia and Reading Railroad loan . 
Delaware Railroad Company loan, 6s 
Philadelphia and Erie Railroad Co. loan, 6s 
North Pennsylvania Railroad Company loan,6s 
Lehigh Valley Railroad loan, 6s 
Harrisburg, Mount Joy, &c, Railroad loan, 6s 
Elmira and Williamsport Railroad loan, 7 s 
West Jersey Railroad loan, 7s 
Pennsylvania and N. Y. C. and R.R. Co. loan 
United Companies of New Jersey loan, 6s 
Southern Central Railroad loan 
West Pennsylvania Railroad loan . 
The Car Trust of Pennsylvania 



Par value. 

$250,000 00 
96,350 00 
12,500 00 
10,000 00 
49,000 00 
37,500 00 
15,000 00 
25,000 00 
40,000 00 
55,000 00 
20,000 00 
25,000 00 
10,000 00 
24,000 00 
60,000 00 
20,000 00 
4,000 00 
19,000 00 



Market value. 

7.700 00 
106,123 50 
16,125 00 
10,500 00 
49,605 00 
36,750 00 
15,900 00 
26,000 00 
43,600 00 
57,915 00 
21,400 00 
27,000 00 
10,300 00 
27,120 00 
61,800 00 
20,000 00 
3,600 00 
18,810 00 



1878.] 



INS. COS. OF OTHER STATES. 



329 



The Empire Car Trust .... 
American Steamship Company loan 
Schuylkill Navigation Company loan 
Lehigh Coal and Navigation Company loan 
Chesapeake and Delaware Canal Co. loan 
Delaware Division Canal Company loan . 
Phila. and Reading Coal and Iron Co. loan 
Pennsylvania state loan, 6s 
Harrisburg city loan, 6s . 
St Louis city loan, 6s 
Delaware state ]oan, 6s . 
New Jersey state loan, 6s 
Camden county loan, 6s . 
Cincinnati city loan 
Pittsburg city loan, 7s 
Newark city loan, 7s 
200 shares Philadelphia Bank 
20 shares Manayuuk Gas Company 



$40,000 00 
15,000 00 
17,760 00 
49,000 00 
10,000 00 
20,000 00 
20,000 00 

1,500 00 
18,000 00 
25,000 00 
13,000 00 

8,000 00 
15,000 00 
60,000 00 
60,000 00 
20,000 00 
20,000 00 

1,000 00 



$38,800 00 
12,375 00 
12,222 00 
48,160 00 

7,000 00 
14,000 00 
12,000 00 

1,650 00 
18,540 00 
25,375 00 
13,650 00 

8,320 00 
15,600 00 
63,770 00 
61,500 00 
22,950 00 
31,200 00 

1,000 00 



185,610 00 $1,228,360 50 



Securities held as collateral for cash loans : — 

6 shares Insurance Company State of Penn. 
100 shares Pennsylvania Railroad Company . 



Market value. Loaned thereon. 



$1,680 00 
3,250 00 



$1,000 00 
1,200 00 



$4,930 00 $2,200 00 



Summary of Assets, Dec 

Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*) 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in Philadelphia National Bank 
Premiums in course of collection (gross) . 
Gross Assets ..... 
Deduct special deposits in other States . 



Balance $1,833,888 04 



31, 1878. 

$97,515 72 

384,007 00 

11,879 50 

1,228,360 50 

2,200 00 

6,048 62 

47,463 68 

77,763 02 



,855,238 04 
21,350 00 



Liabilities. 

Losses adjusted, unpaid $45,000 00 

Unearned premiums on outstanding risks . 313,954 81 

Reclaimable on perpetual fire policies . . 404,070 35 



* Total value of property mortgaged . 
Amount of insurance held as collateral 

42 



81,000,500 00 
246,767 00 



330 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



State and local taxes 
Commissions and brokerage . 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards Policy-holders 
Paid-up Capital .... 



$2,000 00 
20,000 00 

$785,025 16 
6,675 50 



8778,349 66 

81,055.538 38 
400,000 00 

Surplus over Capital $655,538 38 

Income. 
Cash received for fire premiums . . .$557,903 75 
Deduct re-insurance and return premiums . 51 ,072 76 

Net cash received for fire premiums . . $506,830 99 

Interest received on mortgages . . .... 21,359 92 

Interest and dividends received from all other sources . . 72,853 30 

Income from rents 250 00 

Income from perpetual insurance 307 66 

Deposits received for perpetual fire 

risks $13,188 56 

Gross Cash Income $601,601 87 



Expenditures. 
Cash paid for fire losses ..... 
Cash dividends paid ..... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes 
for incidental expenses . 
Deposits returned on perpetual fire 

risks $6,719 23 

Gross Cash Expenditures .... 



$245,150 72 
40,000 00 
77,568 01 
73,347 71 
16,015 89 
14,602 03 



$466,684 36 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 
Perpetual risks in force . 



Premiums. 

$47,053,864 00 $632,974 46 
49,357,497 00 557,903 75 



$96,411,361 00 $1,190,878 21 
47,714,132 00 573,921 00 



$48,697,229 00 $616,957 21 
769,361 00 8,445 99 



$47,927,868 00 $608,511 
$16,297,444 00 



22 






1878.] 



INS. COS. OF OTHER STATES. 



331 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . ... 
Company's stock owned by directors . ... 



$7,299,801 00 

5,204,215 00 

1,939,000 00 

40,000 00 

252,150 72 

65,100 00 



PEOPLE'S INSURANCE COMPANY, NEWARK, N.J. 

[Incorporated March 5, 1866. Commenced business Oct. 11, 1867.] 

Paid-up Capital, §300,000. 

John M. Randall, President. Secretary, J. H. Lindsley. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $100,000 00 8106,500 00 

Essex county bonds 9,000 00 9,900 00 



$109,000 00 $116,400 00 



Securities held as collateral for cash loans : — 



American Trust Company stock 
Newark and Irvington Railroad bonds 
Merchants' National Bank stock 
Newark Gas Light Company stock 
American Trust Company stock 
Mechanics' National Bank stock 
Newark City Ice Company stock 
American Trust Company stock 
Essex County Bank stock 
First mortgage on property in Brooklyn 



Market value. Loaned.thereon. 

$1,875 00 

83,500 00 2,000 00 

1,750 00 1,800 00 

1,200 00^ 

900 00) 
11,775 00^ 

6,000 00 ) 
2,200 00 



Summary of Assets, Dec 

Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*) 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in First National Bank . 

Interest due and accrued .... 

Premiums in course of collection (gross) . 

Rents due and accrued .... 

Gross Assets ..... 



31, 1878. 

8156,259 86 

132,912 97 

3,371 58 

116,400 00 

23,875 00 

6,029 98 

32,965 80 

1,477 14 

28,885 54 

863 00 



1,200 00 

15,000 00 

2,000 00 

$23,875 00 



$503,040 87 



* Value of lands mortgaged 
Value of buildings thereon . 
Amount of insurance held as collateral 



$140,000 00 
137,300 00 
132,700 00 



332 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 

Losses adjusted, unpaid $16,293 25 

claimed and reported .... 6,426 90 

disputed or resisted .... 4,800 00 

Unearned premiums on outstanding risks . 114,812 78 

Commissions and brokerage .... 2,500 00 

Gross Liabilities, except Capital and Scrip, 

Surplus as regards Policy-holders 

Paid-up Capital 6300,000 00 

Scrip outstanding, not ordered to be redeemed, 899 00 



7,324 09 

27,310 86 



sources 



Surplus over Capital and Scrip 

Income. 
Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest received on bonds and mortgages 

Interest and dividends received from all other 

Income from rents ..... 

Taxes refunded ..... 

Gross Cash Income .... 

Expenditures. 
Cash paid for fire losses 8149,797 

Deduct salvage and re-insurance . . . 5,231 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidental expenses . 

Gross Cash Expenditures . 

Risks and Premiums. 



8144,832 93 
^.207 94 



300,899 00 
.308 94 



15 



8210,013 23 

17,473 42 

2,493 12 

31 44 

808 66 

$238,169 87 



8144,565 17 
27,000 00 
46,345 72 
13,696 87 
8,522 74 
11,978 04 

8252, 10S 54 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Xet amount in force 



822,784,304 
20,425,679 



Premiums. 

00 8265,677 84 
00 246,387 82 



843,209,983 
23,025,998 



00 8512,065 66 
00 273.862 63 



820,183,9S5 
445,336 



00 8238,203 03 
00 6,123 57 



819,738,649 00 8232,079 46 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 



82,103,S66 48 
. 9S4,5d7 88 



1878.] 



INS. COS. OF OTHER STATES. 



333 



Cash dividends declared from organization of company . $118,220 00 

Dividends declared during the year (9 per cent) . . . 27,000 00 

Fire losses incurred during the year . .... 127,281 00 

Company's stock owned by directors 135,800 00 



PEOPLE'S FIRE INSURANCE COMPANY, TRENTON, N.J. 

[Incorporated Feb. 25, 1861. Commenced business Feb. 10, 1865.] 

Paid-up Capital, $300,000. 

Charles Scott, President. Secretary, C. V. C. Murphy. 

Office, No. 121 East State Street. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$137,000 00 $145,757 00 
15,000 00 1G,950 00 



United States bonds 

New Jersey state bonds . 

Jersey City bonds . 

Elizabeth city bonds 

Mechanics' National Bank stock 

United Railroad and Canal Co. of N. J. stock 

Pennsylvania Railroad Company stock 

Central Railroad of New Jersey stock 

Central Railroad of New Jersey bonds 



25,000 00 
10,000 00 

7,500 00 
20,000 00 
50,000 00 
10,000 00 

1,000 00 



27,792 00 

8,000 00 

9,600 00 

25,800 00 

33,125 00 

3,300 00 

825 00 



$275,500 00 $271,149 00 



Securities held as collateral for cash loans : — 

Assaupink Improvement Company stock 
Pennsylvania Railroad stock .... 
First National Bank stock .... 



Market value. Loaned thereon . 

$8,000 00 $3,000 00 
4,422 00 ) 
6,760 OOf 9 > 00000 



Summary of Assets, Dec 

Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*) 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Gross Assets ..... 



$19,182 00 $12,000 00 

31, 1878. 

$13,144 59 

253,450 00 

6,336 25 

271,149 00 

12,000 00 

1,302 80 

29,636 20 

680 00 

23,785 27 

$611,484 11 



* Value of lands mortgaged $236,500 00 

Value of buildings thereon 305,000 00 

Amount of insurance held as collateral . . . 182,030 00 



334 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 

Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. . 
Commissions and brokerage . 
Return premiums ..... 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital ..... 

Surplus over Capital 

Income. 
Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest received on mortgages 

Interest and dividends received from all other 

Income from commissions 

Gross Cash Income .... 

Expenditures. 
Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidental expenses . 

Gross Cash Expenditures . 

Risks and Premiums. 



\707 68 

13,880 70 

1.750 00 

104,055 51 

343 16 

5,232 70 

3,963 41 



',608 77 
14,278 39 



sources 



$100,443 47 
178 02 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year 



$18,657,984 00 
15,549,677 00 

$34,207,661 00 
16,882,232 00 



$136,993 21 

8171,490 90 
300,000 00 

$174,490 90 



8155,330 38 
15,235 75 

15,761 12 
1 21 

$186,921 46 



$100,26" 

21,000 00 

34,667 58 

11,046 67 

4,793 94 

8,955 17 

$180.72S 81 

Premiums. 

8243.207 32 
166,271 60 

$409,478 92 
196.1S5 58 



117,325,429 00 $213,293 34 



Miscellaneous. 
Premiums received from organization of company . . $1,237,278 70 

Losses paid from organization of company .... 512,422 74 

Cash dividends declared from organization of company . 128,000 00 

Dividends declared during the year ..... 21,000 00 

Fire losses incurred during the year 99,095 00 

Company's stock owned by directors 146,650 00 



1878.] 



INS. COS. OF OTHER STATES. 



335 



PHENIX INSURANCE COMPANY, BROOKLYN, N.Y. 

[Incorporated Sept. 10, 1853. Commenced business Sept. 10, 1853.] 

Paid-up Capital, $1,000,000. 

Stephen Crowell, President. Secretory, William R. Ceowell. 

Office, No. 12 Court Street. 
Detailed Statement of Stocks, Bonds, Etc. 



United States bonds . 
Tennessee state bonds 
North Carolina state bonds 
Mississippi state certificates 
Virginia state certificates . 
Kings county bonds, 6s 
Brooklyn city bonds . 
Nassau Gas Light Co. certificates, Brooklyn, 
900 shares Nassau Gas Light Co., Brooklyn, 
300 " New York Mut'l Gas Light Co. 
People's Gas Light Co. bonds, Brooklyn . 
590 shares People's Gas Light Co., Br'kl'n, 



440 
100 

65 
1617 

80 

13 
500 
500 
200 

75 
200 
100 
100 

87 
250 

40 

80 
Houston and Texas Railroad bonds 



Brooklyn Gas Light Company, 
New York Gas Light Co. 
Union Ferry Co., Brooklyn . 
Brooklyn City Railroad . 
Commercial Bank, Brooklyn . 
Merchants' Nat'l Bank, N.Y. 
Metropolitan Nat'l B'k, N.Y. 
Am. Exch. Nat'l Bank, N.Y. 
Fourth National Bank, N.Y. 
Nat'l B'k of the Republic, N.Y. 
Central National Bank, N.Y. 
ShoeandLeath.Nat'lB'k,N.Y. 
St. Nicholas National Bank . 
Nat'l B'k of Commerce, N.Y. 
Mechanics' Bank of Brooklyn, 
Mechanics' Nat'l Bank, N.Y. 
City Bank of Brooklyn . 



Par value. 

$1,023,700 00 

45,000 00 

10,000 00 

20,000 00 

14,772 33 

1,000 00 

21,000 00 

17,000 00 

22,500 00 

30,000 00 

57,000 00 

5,900 00 

11,000 00 

10,000 00 

6,500 00 

16,170 00 

4,800 00 

650 00 

50,000 00 

50,000 00 

20,000 00 

7,500 00 

20,000 00 

10,000 00 

10,000 00 

8,700 00 

12,500 00 

1,000 00 

4,000 00 

3,000 00 



$1,513,692 33 
Securities loaned as collateral for cash loans: — 



20 shares Montauk Fire Ins. Co., Brooklyn, 
10 " Mechanics' Fire Ins. Co., Br'kl'n, 
40 " Mechanics' Bank, Brooklyn 
8 " Shoe and Leather Nat'l Bank . 
10 " X. Y. Economical Printing Co. 
60 " Manhattan Fire Ins. Co., N.Y. 



Market value. 

$1,110 00 1 

850 00 I 

3,500 00 J 

848 00 J 

1,500 00 

6,720 00 



Market value. 

;1,075,413 00 
16,200 00 

1,500 00 
20,000 (-0 

1,034 06 

1,100 00 
23,400 00 
17,000 00 
12,600 00 
18,000 00 
57,000 00 

1,180 00 
13,750 00 

8,000 00 

9,750 00 
25,872 00 

3,360 00 

780 00 

58,000 00 

50,500 00 

20,000 00 

6,375 00 
18,600 00 
10,600 00 

8,000 00 
10,266 00 
21,875 00 

1,220 00 
10,000 00 

3,000 00 

11,524,375 06 



Loaned thereon. 

$6,175 00 

1,000 00 
5,500 00 



336 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



130 shares Union Trust Company, X.Y. 
32 " Shoe and Leather Nat'lB'k, X.Y 

50 « Lamar Fire Ins. Co., X.Y. 
50 " Fireman's Trust Co., Brooklyn 
15 " Market National Bank, X.Y. 
People's Gas Light Co. bonds, Brooklyn 
40 shares Long Island Bank, Brooklyn 
20 " Montauk Fire Ins. Co., Brooklyn 
30 " Standard Fire Ins. Co., X.Y. 

7 " Union Ferry Co., Brooklyn 
Kings county bonds .... 

8 shares Home Fire Ins. Co., X.Y. 
Hamilton Fire Ins. Co., X.Y. 
Chicago, Bur., and Quincy R.R 
Am. Exchange Fire Ins. Co. 
Citizens' Bank, Xew York 
Hanover Xational Bank, N.Y. 
Norwich and Worcester R.R. Co 
N. Y. Mutual Gas Light Co. 
Merchants' Ins. Co., X.Y. 
Chicago, Bur., and Quincy R.R 



50 
50 

5 
30 
25 

5 

100 

80 

5 



$15,000 00 \ 
3,392 00 C 
5,400 00) 

540 00 ) 
1,050 00 ) 
15,000 00 
2, GOO 00 ) 
1,110 00 f 
1,800 00 
1,050 00 
5,500 00 

000 00 } 
1,275 00 f 
5,000 00 

5(50 00 

750 00^ 
2,500 00 y 

500 00 ) 
6,000 00 ) 
5,400 00 ) 

500 00 



822,000 00 


2,000 


00 


11,700 00 


2,500 


00 


1,200 00 


700 


00 


4,000 00 


2,000 


00 


4,000 


00 


400 


00 



3,000 00 

10,000 00 
200 00 



801,555 00 ;,375 00 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate 
Loans on mort. of real estate (first liens*), 
Interest due or accrued thereon . 
Stocks, bonds, etc., as per schedule . 
Loans on collateral security, as per schedule 
Cash in the office of the company 

deposited in various banks 
Interest due and accrued . 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks 
Re-insurance due from other companies 
Salvage, wrecking-pumps, etc. . 
Rents due and accrued 

Gross Assets .... 
Deduct special deposits in other States 



Balance ..... 

Liabilities 
Losses adjusted, unpaid 

claimed and reported 

disputed or resisted 

Unearned premiums on outstanding risks 



8250,500 00 

218,750 00 

5,878 83 

1,524,375 06 

76,375 00 

559 65 

345,533 74 

15 14 

198,710 29 

21,527 91 

22,113 48 

56,580 04 

1,150 02 



35,654 16 

207,500 00 

82,528.154 16 



814,081 00 

171,563 57 

12,266 00 

796,730 31 



* Value of lands mortgaged 
Value of buildings thereon 
Amount of insurance held as collateral 



$13S,650 00 
281,100 00 
236,650 00 



1878.] 



INS. COS. OF OTHER STATES. 



337 



Due and accrued for rent .... 82,750 00 

Commissions and brokerage . . . 6,930 01 

Return premiums . . . . . 10 91 

Gross Liabilities, except Capital . $1,004,331 80 

Deduct liabilities on special deposits . . 38,827 33 

Surplus as regards Policy-holders .... 
Paid-up Capital 

Surplus over Capital ....... 

Income. 

Cash received for fire premiums . . $1,159,901 82 

Deduct re-insurance and return premiums . 104,583 56 

Net cash received for fire premiums . . 

Cash rec'd for marine and inland prems. . $1,102,496 87 
Deduct re-insurance and return premiums . 302,228 09 

Net cash rec'd for marine and inl'd prems. 

Unpaid premium notes re- 
ceived during the year . $21,527 91 
Interest received on mortgages ...... 

Interest and dividends received from all other sources 
Income from wrecking tugs ...... 

Gross Cash Income ....... 

Expenditures. 
Cash paid for fire losses . . . ■ . . . 

Cash paid for marine and inland losses . $1,076,282 81 

Deduct salvage and re-insurance . . 370,898 89 

Xet cash paid for marine and inland losses, 

Cash dividends paid ..... 

Cash paid for commissions and brokerage . 

for salaries of oflicers and employes 

for State and local taxes 

for incidental expenses 
Loss on sale of securities . 
Expense on real estate 

Gross Cash Expenditures . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 . 
written during 1878 . 

Total 

Deduct risks expired and terminated, 

In force at end of year 
Deduct amount re-insured 

Net amount in force . 
43 



$139,302,071 00 
123,937,644 00 

$263,239,715 00 
115,861,004 00 

$147,378,711 00 
942,716 00 



$965,504 47 

$1,562,649 69 

1,000,000 00 

$562,649 69 



$1,055,318 26 



800.268 78 



15,855 36 

95,731 57 

1,137 09 

$1,968,311 06 

$451,250 88 



705,383 92 
150,000 00 
276,511 36 
149,956 67 

28,161 19 
125,018 57 

51,271 59 
3,080 29 

$1,940,634.47 

Premiums. 

$1,420,947 47 
1,157,562 77 

$2,578,510 24 
1,141,388 43 

$1,437,121 81 
11,803 14 



$146,435,995 00 $1,425,318 67 



338 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Marine risks outstanding Dec. 31, '77, 
written during 1878 

Total 

Deduct risks expired and terminated, 

In force at end of year 



525,588 00 8 00 

126,400,200 00 1,098,802 15 



1136,925,788 00 $1,162,38$ 15 

125,603,912 00 1,098,861 91 



$10,321,876 00 $63,526 24 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (15 per cent) 
Fire losses incurred during the year .... 
Marine and inland losses incurred during the year 
Company's stock owned by directors .... 



.635,768 97 
13,777,662 21 
2,014,000 00 
150,000 00 
456,270 00 
699,823 00 
159,450 00 



PHCENIX INSURANCE COMPANY, HARTFORD, CONN'. 

[Incorporated May, 1854. Commenced business June, 1854.] 

Paid-up Capital, 81,000,000. 

H. Kellogg, President. Secretary, D. W. C. Sktltox. 

Office, No. 64 Pearl Street. 



Detailed Statement of Stocks, Bonds, Etc. 



1000 

439 

700 

146 

200 

300 

706 

192 

100 

1000 

285 

250 

75 

180 

100 

100 

200 

400 

50 

75 

350 
500 



shares Hartford Nat'l Bank, Hartford . 
Far. andMech. Nat'l B'k, H'f'd, 
Mercantile Nat'l Bank, Hartford, 
Charter Oak Nat'l B'k, Hartford, 
City National Bank, Hartford 
iEtna Nat'l Bank, Hartford 
Phoenix Nat'l Bank, Hartford 
State Bank, Hartford . 
Connecticut River B'k, Hartford 
American Nat'l Bank, Hartford 
National Exch. Bank, Hartford 
Hartford Trust Co., Hartford 
Metropolitan Nat'l Bank, N.Y. 
Merchants' Exch. Nat'l B'k. N.Y 
Central Trust Co., New York 
Manufac. and Merch. Bank, N.Y 
New Britain National Bank 
Waterbury National Bank . 
Imperial Bank, Toronto, Ont. 
National Gold Bank and Trust 

Co., San Francisco . 
Holyoke Water Power Co. . 
New York, N. H. and H. R.R. Co 



Par value. 

$100,000 00 
43,900 00 
70,000 00 
14,600 00 
20,000 00 
30,000 00 
70,600 00 
19,200 00 

3,000 00 
50,000 00 
14,250 00 
25,000 00 

7,500 00 

9,000 00 
10,000 00 

2,000 00 
20,000 00 
20,000 00 

5,000 00 

7,500 00 
35,000 00 
50,000 00 



Market value. 

$147,000 00 
48,948 50 
84,000 00 
18,542 00 
15,000 00 
34,200 00 
106,606 00 
22,080 00 

3,000 00 
59,000 00 
18,667 50 
19,000 00 

8,850 00 

6,030 00 
10,500 00 

1,500 00 
24.000 00 
32,400 00 

5,000 00 

7,500 00 
56,000 00 
81,000 00 



1878.] 



INS. COS. OF OTHER STATES. 



339 



250 shares Rensselaer and Saratoga R.R. Co 

200 " Chicago, R. I., and Pac. R.R. Co 

200 " Chic., Bur., and Quincy R.R. Co 

500 " Cleveland and Pittsburg R.R. Co 

United States bonds 

Alabama state bonds, 8s 

Indiana state bonds, 6s 

South Carolina consols, 6s 

Tennessee state bonds, 6s 

Madison county (Io.) bonds, 8s 

Hartford city bonds, 6s . 

Detroit city bonds, 7s 

Cambridge city (Ind.) bonds, 10s 

San Francisco bonds, 6s and 7s 

Jacksonville (111.) bonds, 8s . 

New Britain water bonds, 7s 

Washington School Dist. of Hart, bonds, 5s 

Atlantic Dock Company bonds, 7s 

Contra Costa Water Company bonds, 8s 

Indianapolis and Cincinnati R.R. bonds, 7s 

Connecticut Western Railroad bonds, 7s 

Connecticut Valley Railroad bonds, 7s . 

Harlem River and Port Chester R.R. bonds, 7s 

Southern Minnesota Railroad bonds, 7s 



Securities held as collateral for cash loans 



500 shares Mercantile Nat'l Bank, Hartford 
12 
9 

16 
11 



150 
200 
650 



Travelers' Ins. Co., Hartford 
Hartford Carpet Co., Hartford 
Far. and Mech. Nat'l B'k, Hartf'd 
Travelers' Ins. Co., Hartford 
National Gold Bank and Trust Co. 

San Francisco . 
Home National Bank, Meriden 
Meriden Gas Light Co., Meriden 
Middlesex Quarry Company . 



$25,000 00 
20,000 00 
20,000 00 
25,000 00 

150,000 00 
50,000 00 

100,000 00 
13,301 35 
26,000 00 
25,000 00 
10,000 00 
50,000 00 
3,000 00 
30,000 00 
50,000 00 
10,000 00 
15,000 00 
50,000 00 
25,000 00 
51,000 00 
20,000 00 

100,000 00 
50,000 00 
50,000 00 



$25,000 00 
24,300 00 
22,050 00 
20,750 00 
159,250 00 
21,750 00 
102,000 00 
10,774 09 

9,360 00 
26,000 00 
10,500 00 
55,000 00 

3,000 00 
32,100 00 
52,500 00 
10,300 00 
15,300 00 
52,500 00 
26,250 00 
49,470 00 

3,800 00 
61,000 00 
59,000 00 

5,000 00 



$1,594,851 35 $1,665,778 09 



Market value. Loaned thereon. 

$60,000 00 $50,000 00 

2,220 00 1,500 00 

1,980 00 250 00 



1,784 00 7 
2,035 00 > 



3,200 00 



1,250 00 750 00 

18,750 00) lg 

5,500 00 ) 
58,500 00 48,830 00 



$152,019 00 $122,530 00 



Summary of Assets, Dec. 31, 1878. 
Cash value of unencumbered real estate . $135,000 00 

Loans on mortgage of real estate (first liens*), 128,000 00 
Interest due or accrued thereon . . . 2,135 00 
Stocks, bonds, etc., as per schedule . . 1,665,778 09 



* Value of lands mortgaged $150,000 00 

Value of buildings thereon 132,000 00 

Amount of insurance held as collateral . . . 97,300 00 



340 FIRE, MARINE, AND FIRE-MARINE [Dec. 81, 



Loans on collateral security, as per schedule . $122,530 00 



Cash in the office of the company . 
deposited in various banks . 
Interest due and accrued 
Premiums in course of collection (net) 
Rents accrued .... 
Gross Assets .... 
Deduct special deposits in other States 



Liabilities. 

Losses adjusted, unpaid 

claimed and reported . 
disputed or resisted . 
Unearned premiums on outstanding risks 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards Policy-holders . 
Paid-up Capital 



22,100 08 
388,223 36 

5,700 70 
153,455 28 

1,033 33 



$2,624,082 74 
75,000 00 

$2,549,082 74 



V $95,942 65 

17,500 00 
754,109 69 

$867,552 34 
12,541 36 



Surplus over Capital 

Income. 
Cash received for fire premiums . 

Deduct re-insurance and return premiums 

Net cash received for fire premiums . . 

Interest received on mortgages ..... 

Interest and dividends received from all other sources . 

Income from rents ....... 



855,010 98 

$1,694,071 76 
1,000,000 00 

$694,071 76 



$1,311,003 97 
80,130 51 



Gross Cash Income .... 

Expenditures. 
Cash paid for fire losses .... 

Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes 

for incidental expenses . 

Gross Cash Expenditures 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 



8119,498,239 
112,573,695 



$1,230,873 46 

3,180 00 

113,588 49 

4,027 90 

$1,351,669 85 



'7,079 31 

200,000 00 

205,690 07 

64,271 16 

37,992 70 

113,253 22 

81,198,286 46 



Premiums. 

00 $1,501,643 86 
00 1,311.003 97 



$232,071,934 
110,796,276 



00 82.S12.647 83 
00 1,340,615 94 



$121,275,658 00 11,472,031 89 



1878.] 



INS. COS. OF OTHER STATES. 



341 



Miscellaneous. 

Premiums received from organization of company- 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (20 per cent) . 
Fire losses incurred during the year .... 
Company's stock owned by directors .... 



$21,694,814 22 

13,018,252 55 

2,120,000 00 

200,000 00 

573,884 89 

113,000 00 



PROVIDENCE WASHINGTON INSURANCE COMPANY, PROV- 
IDENCE, R.I. 

[Incorporated 1799. Commenced business 1799.] 

Paid-up Capital, $400,000. 

J. H. DeWolf, President. Secretary, Warren S. Greene. 

Office, No. 20 Market Square. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. 

$40,000 00 



1600 shares Blackstone Canal Nat'l B'k., Prov 
300 " Nat'l Bank of No. America, Prov 
400 " American National Bank, Prov. 
300 " Commercial National Bank, Prov 
500 " Merchants' National Bank, Prov. 
200 " Mechanics' National Bank, Prov. 
200 " Weybosset National Bank, Prov. 
300 " Nat'l Bank of Commerce, Prov. 
50 " Nat'l Bank of Commerce, N.Y. 
Delaware and Hudson Canal Co. bonds . 
Rensselaer and Saratoga Railroad bonds 
Chicago city bonds (S. B. Buckner) 
New York, Prov., and Boston R.R. bonds 
New York Mutual Gas Light Co. bonds . 
United States currency bonds . . ■ . 
United States gold bonds 
50 shares Providence Tool Company 
What Cheer Corporation (real estate), Prov. 
R. I. Hospital Trust Co., participation acc't 



15,000 00 
20,000 00 
15,000 00 
25,000 00 
10,000 00 
10,000 00 
15,000 00 

5,000 00 
25,000 00 
12,000 00 
45,000 00 
10,000 00 
30,000 00 
60,000 00 
75,000 00 

5,000 00 
30,000 00 
40,000 00 



Market value. 

836,800 00 
19,200 00 
17,200 00 
12,300 00 
29,000 00 
13,400 00 
11,200 00 
14,100 00 

5,750 00 
23,750 00 
13,920 00 
45,000 00 
11,800 00 
28,800 00 
71,850 00 
78,750 00 

5,000 00 
27,000 00 
40,000 00 



Summary of Assets, Dec. 

Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course oi collection (net) 
Notes taken for marine and inland risks 



$487,000 00 $504,820, 00 

31, 1878. 

$504,820 00 

611 01 

51,764 72 

1,283 00 

16,493 49 

38,235 44 



342 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Salvages $2,000 00 

Premiums more than 3 months due, $377 85 

Gross Assets ...... 

Liabilities. 

Losses adjusted, unpaid 30,854 50 

claimed and reported .... 52,547 43 

disputed or resisted .... 7,350 00 

Total amount of losses .... $66,751 93 
Less re-insurance 9,621 00 

Net amount of unpaid losses . . . $57,130 93 

Unearned premiums on outstanding risks . 126,084 42 

Dividends to stockholders, unpaid . . . 1,786 50 

Commissions and brokerage .... 28 55 

Due for re-insurance ..... 255 33 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 

Surplus over Capital 

Income 

Cash received for fire premiums . . . $139,480 52 
Deduct re-insurance and return premiums . 23,552 79 

Net cash received for fire premiums . . 

Cash received for marine and inland prems. . $175,416 43 
Deduct re-insurance and return premiums . 25,028 37 

Net cash received for marine and inl'd prems. 

Unpaid premiums notes re- 
ceived during the year . $37,302 44 
Interest and dividends received from all sources 
Income from premium on gold . . .... 



8015,207 69 



$185,285 73 

$429,921 96 
400,000 00 

129,921 96 



$115,927 73 



150,388 06 



27,667 59 
19 33 



Gross Cash Income $294,002 71 



Expenditures. 
Cash paid for fire losses 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes 

for incidentals . . . . 

Gross Cash Expenditures 



$69,893 14 
4,004 62 

$199,846 81 
62,633 47 






165,888 



137,213 34 

266 30 

36.392 64 

12.793 00 

7.485 31 

13.521 89 

$273,561 00 



1878.] 



INS. COS. OF OTHER STATES. 



343 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1S78 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Xet amount in force 



$17,021,362 00 
15,579,632 00 



Premiums. 

$194,482 91 
138,157 05 



832,600,994 00 
18,142,838 00 

$14,458,156 00 
1,104,543 00 



8332,639 96 
167,994 09 



$164,645 87 
13,232 79 



$13,353,613 00 $151,413 08 



$1,335,150 00 
32,684,551 00 

$34,019,701 00 
32,658,873 00 



SI, 360, 828 00 
168,745 00 



854,483 61 
174,930 75 

8229,414 36 
174,564 25 

$54,850 11 
5,109 25 



$1,192,083 00 $49,740 86 



Miscellaneous. 

Fire losses incurred during the year 

Marine and inland losses incurred during the year 

Company's stock owned by directors 



$73,234 62 

141,045 55 

47,400 00 



RELIEF FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated September, 1855. Commenced business December, 1855.] 

Paid-up 1 Capital, $200,000. 

J. H. Pinkney, President. Secretary, W. E. Crary. 

Office, No. 149 Broadway. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $151,000 00 $157,7§5 00 



Montgomery city bonds . 
Rahway (X.J.) city bonds 
New York county bonds . 
Port Chester Railroad bonds 



9,500 00 
10,000 00 
10,000 00 

5,000 00 



6,000 00 

6,000 00 

10,700 00 

5,300 



$185,500 00 $185,735 00 



344 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Securities held as collateral for cash loans: — 



66 shares Hanover Insurance Company . 

60 " Irving Bank .... 

40 " First National Bank, Hoboken 
Hackensack and New York Ex. R.R. bond 

37 shares Hanover Insurance Company 

60 

40 ' 
295 

75 

10 

25 

10 

10 

40 
100 

30 
130 

25 

10 

18 

10 

20 

50 

40 



Safe Deposit Company . 
People's Insurance Company 
People's Bank 
Tradesmen's Bank . 
iEtna Insurance Company 
First National Bank, Jersey City 
iEtna Insurance Company 
Greenwich Insurance Company 
United States Trust Company 
Delaware, Lackawanna, and W. R.R 
Grocers' Bank 

Broadway Insurance Company 
Importers' and Traders' Ins. Co 
Farragut Insurance Company 
Merchants' Insurance Company 
Park Insurance Company 
City Insurance Company 
Germania Insurance Company 
Exchange Insurance Company 



Market value. 

83,750 00 
3,360 00) 
1,000 00 [■ 

250 00 ) 
2,127 50 > 
1,725 00 > 
2,320 00 
8,554 25 
3,240 00 ) 

850 00 i 
3,500 00 

850 00 

750 00 

12,000 00 

2 r 000 00 

720 00 > 
6,500 00 > 
1,300 OO - ] 

625 00 
1,200 00 
1,120 00 
1,750 00 
3,400 00 J 
1,500 00 



Loaned thereon. 

§1,600 00 



3,400 00 

2,950 00 

1,850 00 
6,000 00 

3,500 00 

3,000 00 

500 00 

300 00 

3,500 00 

1,500 00 

5,000 00 



y 5,000 oo 



1,000 00 



664,391 75 $39,100 00 



Summary of Assets, Dec. 31, 1878. 

Cash value of unencumbered real estate . . $4,500 00 

Loans on mortgage of real estate (first liens*), 59,729 31 

Interest due or accrued thereon . . . 2,108 03 

Stocks, bonds, etc., as per schedule . . 185,735 00 

Loans on collateral security, as per schedule . 39,100 00 

Cash in the office of the company . . . 103 9S 

deposited in various banks . . . 6,736 08 

Interest due and accrued .... 4,091 97 

Premiums in course of collection (gross) . 8,401 13 

Notes taken for fire risks .... 200 00 
Office furniture, etc ... $1,959 42 
Premiums more than 3 months due, 1,350 61 

Gross Assets 



$310,705 50 



* Value of lands mortgaged . 
Value of buildings thereon . 
Amount of insurance held as collateral 



$94,500 00 
70,000 00 
55,000 00 



1878.] 



INS. COS. OF OTHER STATES. 



345 



Liabilities. 

Losses adjusted, unpaid . ... . . $1,845 99 

claimed and reported .... 4,900 00 

Total amount of losses .... $6,745 99 
Less re-insurance ...... 925 00 

Net amount of unpaid losses .... $5,820 99 

Unearned premiums on outstanding risks . 40,568 40 

Dividends to stockholders, unpaid . . . 435 00 

State and local taxes ..... 3,313 80 

Commissions and brokerage . . . . 1,117 85 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 

Surplus over Capital 

Income 

Cash received for fire premiums . . . $111,577 72 
Deduct re-insurance and return premiums . 18,623 29 
Net cash received for fire premiums 
Interest received on mortgages 
Interest and dividends received from all other sources 



$51,256 04 

$259,449 46 
200,000 00 

$59,449 46 



2,954 43 

4,216 05 

10,575 28 



Gross Cash Income $107,745 76 



Expenditures. 
Cash paid for fire losses ..... 
Cash dividends paid ..... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for incidental expenses . 

Gross Cash Expenditures .... 
Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$15,375,644 
15,834,735 



$53,910 83 
20,000 00 
10,403 74 
13,300 00 
10,627 27 

$108,241 S4 



Premiums. 

00 $91,087 90 
00 111,577 92 



$31,210,379 
17,958,529 



00 $202,665 82 
00 122,725 76 



$13,251,850 
141,364 



00 $79,940 06 
00 1,071 29 



$13,110,486 00 $78,868 77 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 

44 



$3,956,143 36 
. 1,772,760 06 



346 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . 

Company's stock owned by directors . 



1451,000 00 

20,000 00 

47,711 71 
49,050 00 



REPUBLIC FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated April 12, 1852. Commenced business April 13, 1852.] 

Paid-up Capital, $300,000. 

Robert S. Hone, President. Secretary, Duncan F. Curry. 

Office, No. 153 Broadway. 
Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 



United States bonds 
Delaware and Hudson Canal bonds 
250 shares National Bank of Commerce 
1 share New York Produce Exchange 



613-4,000 00 $11 

6,000 00 5,775 00 

l'.".,000 00 29,250 00 

200 00 300 00 



1165,200 00 $180,912 50 



Securities held as collateral for cash loans : — 

100 shares National Bank of Commerce . 
8 shares National Bauk of Commerce . 



Market value. Loaned thereon. 

811.700 00 810,000 00 
936 00 800 00 





$12,636 00 


810,800 00 


Summary of Assets, Dec. 


31, 1878. 




Cash value of unencumbered real estate . 


8120,500 00 




Loans on mortgage of real estate (first liens*), 


84,600 00 




Interest due or accrued thereon 


346 49 




Stocks, bonds, etc., as per schedule 


180,912 50 




Loans on collateral security, as per schedule . 


10,800 00 




Cash in the office of the company . 


943 90 




deposited in various banks 


8,537 65 




Interest due and accrued .... 


1,055 33 




Premiums in course of collection (gross) . 


14,728 70 




Rents due and accrued ..... 


1,416 00 




Premiums more than 3 months due . 8474 51 






Gross Assets 




8423.840 57 




Liabilities. 






Losses adjusted, unpaid . 


84.044 72 




claimed and reported .... 


2,7S4 94 




disputed or resisted .... 


8,250 00 






$143,500 


00 




13.000 00 


Amount of insurance held as collateral . 


12,000 


00 



1878.] 



INS. COS. OF OTHER STATES. 



347 



Unearned premiums on outstanding risks . $72,153 32 

Dividends to stockholders, unpaid . . . 372 60 

Commissions and brokerage .... 1,563 74 

Gross Liabilities, except Capital and Scrip, 

Surplus as regards Policy-holders ..... 

Paid-up Capital $300,000 00 

Scrip outstanding, not ordered to be redeemed, 3,835 00 



Surplus over Capital and Scrip 



$89,169 32 
$331,671 25 



303,835 00 
$30,836 25 



Income. 

Cash received for fire premiums . . . $143,089 52 
Deduct re-insurance and return premiums . 23,020 19 

Net cash received for fire premiums . . $120,069 33 

Interest received on mortgages . . .... 5,871 25 

Interest and dividends received from all other sources . 8,331 04 

Income from rents ......... 15,634 04 

Gross Cash Income $149,905 66 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses, . 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for interest on borrowed money 
for rents and incidentals 

Gross Cash Expenditures 



$47,275 52 
3,450 00 



$43,825 52 
15,000 00 
12,284 76 
28,035 60 
2,753 86 
375 97 
26,690 46 

$128,966 17 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Risks and Premiums. 

Premiums. 

$24,177,739 00 $143,509 61 
26,053,895 00 143,089 52 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$50,231,634 00 $286,599 13 
23,951,230 00 138,090 98 



$26,280,404 00 $148,508 15 
903,100 00 5,791 77 



$25,377,304 00 $142,716 38 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 



55,347,485 85 
3,127,447 74 



348 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Cash dividends declared from organization of company . ^."31 l.OSi- 
Dividends declared during the year (5 per cent) . . . 15,000 00 
Fire losses incurred during the year ..... 40,074 .">•"> 
Company's stock owned by directors 96,700 00 



RTDGEWOOD INSURANCE COMPANY,* BROOKLYN. N.Y. 

[Incorporated March 15, 1873. Commenced business March 15, 1873.] 
Paid-up Capital, 8200,000. 
William K. Lothrop, President. Secretary, William A. Scott. 

Office, No. 26 Court Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $175,000 00 $1 87, 362 00 

200 shares Long Island Bank .... 10,000 00 10,000 00 



8185,000 00 $197,362 00 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liensf), 
Interest due and accrued thereon 
Stocks, bonds, etc., as per schedule. 
Cash in the office of the company . 

deposited in Nassau National Bank 
Premiums in course of collection (gross) 
Rents due and accrued .... 

Gross Assets 

Liabilities. 
Losses claimed and reported 
Less re-insurance ..... 
Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 
Return premiums, etc. . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



.120 74 

84,700 00 

1,822 00 

197,362 00 

800 41 

6,227 80 

4,451 88 

183 34 



Surplus over Capital 



2,900 00 

28,066 24 

667 77 

1,040 08 



$304,668 17 

$4,500 00 
1,600 00 



- 32,674 09 

. |271,994 08 

. 200,000 00 



$71,994 08 



* Since withdrawn. 

f Value of lands mortgaged $78,500 00 

Value of buildings thereon 94,500 00 

Amount of insurance held as collateral .... 84,500 00 



1878.] 



INS. COS. OF OTHER STATES. 



349 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Cash received for marine and inland premiums 

Deduct re-insurance and return premiums 

Net cash received for marine and inland prems 

Interest received on mortgages 

Interest and dividends received from all other 

Income from rents ..... 

Premium on gold ..... 



Gross Cash Income 



$54,937 07 
4,962 98 

$2,923 25 

199 72 



sources 



$49,974 09 



2,723 


53 


5,985 


12 


9,037 


50 


514 00 


269 


64 



,503 88 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes 
for rent and incidentals . 

Gross Cash Expenditures . 



$17,207 88 
9 42 



$17,198 46 

405 84 

20,000 00 

8,806 95 

10,433 25 

901 44 

8,041 22 

$65,787 16 



Risks and Premiums. 



Fire risks outstanding December 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$9,503,560 
11,950,226 

$21,453,786 
11,372,757 

$10,081,029 
81,500 



Premiums. 

$66,980 13 
51,778 65 

$118,758 78 
61,711 32 

$57,047 46 
434 00 



1,999,529 $56,613 46 



$254,616 
1,130,023 

11,384,639 
1,253,739 

$130,900 
12,500 



$1,231 73 
2,923 25 

$4,154 98 
3,427 51 

$727 47 
25 00 



$118,400 $702 47 



350 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year .... 
Marine and inland losses incurred during the year 
Company's stock owned by directors .... 



-.037 16 
128,529 53 

112,000 00 

20,000 00 

16,903 

406 00 

39,500 00 



ROCHESTER GERMAN INSURANCE COMPANY, ROCHES- 
TER, N.Y. 

[Incorporated Feb. 16, 1872. Commenced business Feb. 23, 1872.] 

Paid-up Capital, 8200,000. 

Frederick Cook, President. Secretary, Rudolph Vay. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $100,000 00 1107,875 00 

Rochester city bonds 20,000 00 21,000 00 



$120,000 00 §128,875 00 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (net) . 
Gross Assets ..... 

Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 
Unearned premiums on outstanding risks 
Gross liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital ..... 

Surplus over Capital 

Income. 
Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 



81.961 14 

190,145 00 

5,207 00 

128,S75 00 

6,663 17 

63,512 58 

1,650 01 

11,606 25 



$1,850 00 

550 00 

91,672 79 



J,528 26 

22,964 95 



8109,620 15 



94,072 79 

8315,547 36 
200,000 00 



1115,547 36 



$160,563 31 



1878.] 



INS. COS. OF OTHER STATES. 



351 



Cash received for marine and inland premiums, 
Deduct re-insurance and return premiums 
Net cash received for marine and inl'd prems. - 
Interest and dividends received from all sources 
Income from rents ...... 



$635 75 
53 00 



Gross Casli Income . 



$5S2 75 

12,049 62 

132 47 

$173,328 15 



Expenditures. 



Cash paid for fire losses $73,792 24 

Deduct salvage and re-insurance ... 86 64 

Net cash paid for fire losses 

Cash paid for marine and inland losses . 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes 

for incidental expenses . 



$73,705 60 

100 00 

20,000 00 

26,598 45 

8,660 00 

4,505 12 

9,836 38 



Gross Cash Expenditures 

Risks and Premiums. 



. $143,405 55 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 



Premiums. 

$18,456,758 00 $190,431 55 
19,109,538 00 183,528 26 



$37,566,296 00 $373,959 81 
18,709,141 00 192,425 20 



$18,857,155 00 $181,534 61 
37,500 00 405 87 



$18,819,655 00 $181,128 74 



$87,600 00 
58,500 00 

$146,100 00 
89,500 00 

$56,600 00 



$929 00 
635 75 

1,564 75 
982 00 

$582 75 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . 
Marine and inland losses incurred during the year 
Company's stock owned by directors . 



$1,101,368 11 
479,883 55 
87,000 00 
20,000 00 
73,101 24 
91 CO 
38,250 00 



352 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



ROGER WILLIAMS INSURANCE COMPANY, PROVIDENCE, R.I. 

[Incorporated May, 1848. Commenced business August, 1848.] 

Paid-up Capital, $200,000. 

J. W. Davenport, President. Secretary, W. H. Fredricks. 



Detailed Statement of Stocks, 



300 shares American National Bank 
600 
360 
280 
150 
500 
100 
50 
100 
100 
300 
120 

Maine state bonds . 
Missouri state bonds 



Blackstone Canal National Bank 
Commercial National Bank . 
Manufacturers' National Bank 
Globe National Bank 
National Bank of Commerce . 
National Bank of North America 
Fourth National Bank . 
Atlantic National Bank . 
Westminster National Bank . 
Providence Gas Company 
N. Y., Providence, and Boston R.R 



Bonds, Etc. 

Par value. 

115,000 00 

15,000 00 

18,000 00 

28,000 00 

7,500 00 

25,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

15,000 00 

12,000 00 

10,000 00 

15,000 00 



Market value. 

$13,500 00 

13,800 00 

14,760 00 

35,000 00 

4,500 00 

23,500 00 

6,400 00 

5,525 00 

5,000 00 

5,500 00 

16,500 00 

15,000 00 

10,750 00 

15,425 00 



$180,500 00 6185,160 00 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens*), $57,500 00 

Interest due or accrued thereon . . . 1,359 19 

Stocks, bonds, etc., as per schedule . . 185,160 00 

Cash in the office of the company . . . 14,309 46 

deposited in Fifth National Bank . . 23,995 59 

Interest due and accrued .... 3,878 33 

Premiums in course of collection (gross) . 33,840 73 

Notes taken for marine and inland risks . . 1,590 95 

Gross Assets 



8321,634 25 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 
Unearned premiums on outstanding risks 
Dividends to stockholders, unpaid . 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 



$15,769 70 

7.050 00 
92,666 46 

26 00 

4.051 82 



119,563 98 

8202,070 27 
200,000 00 

82,070 27 



* Value of lands mortgaged 
Value of buildings thereon 
Amount of insurance held as collateral 



$77,000 00 
76,000 00 
34,260 00 



1878.] 



INS. COS. OF OTHER STATES. 



353 



Income. 

Cash received for fire premiums . . . $199,638 46 
Deduct re-insurance and return premiums . 15,160 94 

Net cash received for fire premiums . . 

Cash received for marine and inland premiums, $77,201 86 
Deduct re-insurance and return premiums . 7,364 50 

Net cash received for marine and inl'd prems*. 

Unpaid premium notes received dur- 
ing the year . . . . $1,139 95 

Interest received on mortgages . . .... 

Interest and dividends received from all other sources . 
Income from old accounts . . . .... 

Received for calls on capital . . $35,000 



$184,477 52 



69,837 36 



4,351 79 

10,423 27 

133 92 



Gross Cash Income $269,223 86 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash paid for marine and inland losses . 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 
for salaries and incidentals 
for State and local taxes . 

Gross Cash Expenditures . 



$137,790 73 
2,903 17 

$131,102 72. 
2,116 29 



$134,887 56 



128,986 43 

109 00 

39,917 63 

29,696 48 

6,180 59 



$339,777 69 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year 
45 



$14,221,981 00 
14,599,960 00 

$28,821,941 00 
15,768,384 00 

$13,053,557 00 
46,772 00 



Premiums. 

$203,174 96 
196,671 45 

$399,846 41 
212,086 88 

$187,759 53 
635 31 



$13,006,785 00 $187,124 22 



$721,159 00 
15,185,526 00 

$15,906,685 00 
15,897,233 00 

$9,452 00 



$18,267 75 
64,548 32 



$82,816 07 
82,372 17 

$443 90 



354 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Fire losses incurred during the year . 

Marine and inland losses incurred during the year . 

Company's stock owned by- directors . 



83,468,267 95 
2,550,062 61 

.1,000 00 

131,183 57 

109,072 17 

87,050 00 



RUTGERS FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated Oct. 3, 1853. Commenced business Oct. 10, 1853.] 

Paid-up Capital, S200,000. 

Edward B. Fellows, President. Secretary, Joseph W. Dugliss. 

Office, No. 180 Chatham Square. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $5,000 00 $5,300 00 

Forty-second and Grand Street R.R. bonds . 6,000 00 6,600 00 



Securities held as collateral for cash loans : — 



Seventh Ward National Bank stock 
Chatham National Bank stock 
Tradesmen's National Bank stock . 
Citizens' National Bank stock 
Leather Manufacturers' National Bank stock 
City Fire Insurance Company stock 
Phenix Insurance Company stock . 
People's Insurance Company stock . 
Stuyvesant Safe Deposit Company stock . 
Knickerbocker Fire Insurance Company stock 
Manhattan Life Insurance Company stock 
Howard Fire Insurance Company stock . 
New York Bowery Insurance Company stock 
Stuyvesant Fire Insurance Company stock 
Commerce Fire Insurance Company stock 
Peter Cooper Fire Insurance Company stock 
Citizens' Fire Insurance Company stock . 
Citizens' Fire Insurance Company scrip . 
People's Gas Light Company, Brooklyn, stock 
Manhattan Fire Insurance Company stock 
National Citizens' Bank stock 
Ninth National Bank stock 
Produce Bank stock .... 
Germania Bank stock .... 



$11,000 00 


$11,900 00 


Market value. 


Loaned thereon. 


81,350 00 


$1,000 00 


682 50 


600 00 


4,200 00 i 




2,625 00 


- 9,000 00 


3,500 00 J 




2,275 00 ^ 




1,875 00 




2,900 00 




900 00 




850 00 




4,000 00 




880 00 


- 15,000 00 


600 00 




975 00 




900 00 




1,000 00 




2,100 00 




600 00 j 




3,600 00 


3.050 00 


5,750 00 


2,500 00 


1,050 00 


1,000 00 


750 00^ 




450 00 [ 


2,300 00 


1,500 00) 





1878.] 



INS. COS. OF OTHER STATES. 



355 



Stuyvesant Insurance Company stock 
American Exchange Insurance Company stock, 
Germania Bank stock .... 
Exchange Fire Insurance Company stock 
Irving Fire Insurance Company stock 
Houston, West-street, and P. F. R.R. bonds 
New York and Boston Insurance Co. stock 
North River Insurance Company stock . 
New York City Bounty Fund bond 
Forty-second and Grand St.Ferry R.R.Co. stock, 
Tradesmen's National Bank stock . 



Summary of Assets, Dec 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) . 
Premiums more than 3 months due, $2,537 25 
Gross Assets ..... 

Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

Unearned premiums on outstanding risks 

Due and accrued for rent, salaries, etc. . 

State and local taxes .... 

Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital ..... 



$2,338 00 


$1,000 00 


:, 510 00 


450 00 


7,000 00 


5,000 00 


1,725 00 


1,200 00 


1,785 00 


1,500 00 


500 00 


400 00 


1,200 00 


500 00 


5,922 00 


3,000 00 


1,000 00 


350 00 


:, 1,100 00 


900 00 


2,310 00 


1,000 00 


$70,702 50 


$49,750 00 


. 31, 1878. 




. $85,500 00 




, 273,460 00 




4,694 95 




11,900 00 




. 49,750 00 




458 14 




17,617 47 




236 43 




1,955 15 


/ 


J 


$445,572 14 



$25 00 
200 00 
33,573 08 
400 00 
5,969 57 
200 00 



- 40,367 65 

. $405,204 49 
. 200,000 00 



Surplus over Capital 

Income. 

Cash received for fire premiums . . . $86,380 54 

Deduct re-insurance and return premiums . 8,540 35 

Net cash received for fire premiums . . 

Interest received on mortgages . . .... 

Interest and dividends received from all other sources . 
Income from rents ......... 



. $205,204 49 



$77,840 19 

18,819 12 

5,601 20 

2,973 96 



Gross Cash Income $105,234 47 



* Value of lands mortgaged . 
Value of buildings thereon . 
Amount of insurance held as collateral 



$482,800 00 
275,000 00 
233,050 00 



356 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Expenditures. 

Cash paid for fire losses $22,520 87 

Deduct salvage and re-insurance . . . 163 27 

Net cash paid for fire losses .... $22,357 60 

Cash dividends paid 40,000 00 

Cash paid for commissions and brokerage .... 10,329 38 

for salaries of officers and employes . . . 17,157 50 

for State and local taxes 1,860 34 

for incidental expenses . . .... 8,078 70 



Gross Cash Expenditures $99,783 52 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1877 . $14,060,410 00 $68,579 23 
written during 1878 . . 17,153,334 00 82,301 24 



Total $31,213,744 00 $150,880 47 

Deduct risks expired and terminated . 15,900,871 00 85,222 40 



In force at end of year .... $15,312,873 00 $65,658 07 
Deduct amount re-insured . . . 200,805 00 1,216 89 



Net amount in force . . . $15,112,068 00 $64,441 18 



Miscellaneous. 
Premiums received from organization of company . $2,059,009 75 
Losses paid from organization of company 
Cash divide uds declared from organization of company 
Dividends declared during the year (20 per cent) . 
Fire losses incurred during the year .... 
Company's stock owned by directors .... 



766,703 65 

724,000 00 

40,000 00 

15,709 53 

63,150 00 



SAFEGUARD FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated Jan. 6, 1872. Commenced business Jan. 6, 1872.] 

Paid-up Capital, $200,000. 

Thomas C. Doremus, President. Secretary, James Yereaxce. 

Office, No. 173 Broadway. 
Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $235,000 00 $267,287 00 

New York city bonds 40,000 00 43,990 00 

New Brunswick (N.J.) bonds .... 10,500 00 10,775 00 

Alabama state bonds 9,700 00 4,268 00 






$295,200 00 $326,320 00 



1878.] 



INS. COS. OF OTHER STATES. 



357 



Securities held as collateral for cash loans 

United States bonds, 81 

United States 5-20 bonds 

National State Bank, Newark, stock 

Elizabeth city (N.J.) bond 

Westchester Gas Light Company stock 

Great Western Marine Insurance Co. stock 



Market value. Loaned thereon. 


$1,171 00 


$1,100 00 


525 00 


450 00 


875 00 


800 00 


700 00 


500 00 


1,100 00 > 
680 -00 i 


1,550 00 



$5,051 00 



:,400 00 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens*), $31,000 00 

Interest due or accrued thereon . . . 600 00 

Stocks, bonds, etc., as per schedule . . 326,320 00 

Loans on collateral security, as per schedule . 4,400 00 

Cash in the office of the company . . . 5,187 47 

deposited in bank . 10,207 67 

Interest due and accrued .... 775 00 

Premiums in course of collection (gross) 11,934 77 
Premiums more than 3 months due, $179 87 

Gross assets $390,424 91 



Liabilities. 

Losses claimed and reported . 

disputed or resisted 
Less re-insurance .... 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
State and local taxes 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 

Surplus over Capital 

Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Cash received for marine and inland premiums, 

Deduct re-insurance and return premiums 

Net cash received for marine and inl'd prems. . 



I $14,678 00 

1,000 00 

$13,678 00 

69,303 69 

1,958 35 

1,790 20 



$146,070 33 
12,171 56 

$3,872 20 
143 00 



86,730 24 

$303,694 67 
200,000 00 

$103,694 67 



$133,898 77 



1,729 20 



* Total value of property mortgaged 
Amount of insurance held as collateral 



$60,000 00 
34,000 00, 



358 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Interest received on mortgages .... 
Interest and dividends received from all other sources 
Income from rents 



$1,370 00 

17,892 19 

650 00 



Gross Cash Income $157,540 16 



Expenditures. 

Cash paid for fire losses 

Deduct salvage and re-insurance 

Net cash paid for fire losses .... 

Cash paid for marine and inland losses . 

Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes 

for incidental expenses . 

Gross Cash Expenditures .... 
Risk$ and Premiums. 



,600 96 
129 82 



$61,471 14 
441 89 
32,000 00 
22,918 90 
18,901 67 
1,338 49 
13,833 49 

$150,905 58 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force . 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of vear 



Premiums. 

$18,671,312 00 8115,628 76 
25,644,989 00 149,003 97 



$44,316,301 00 $264,632 73 
21,803,333 00 126,562 36 



822,512,968 00 $138,070 37 
. 935,947 00 17 44 



$21,577,021 00 $132,522 93 



849,500 00 
145,812 00 

$195,312 00 
87,062 00 



$1,512 50 
3,917 70 

$5,430 20 
2,462 70 



$108,250 00 $2,967 50 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (16 per cent) 
Fire losses incurred during the year . . . . 
Marine and inland losses incurred during the year 
Company's stock owned by directors , 



$986,200 41 

389,491 S2 

150,000 00 

32,000 00 

61,705 81 

441 89 

95,200 00 



1878.] 



INS. COS. OF OTHER STATES. 



359 



SECURITY INSURANCE COMPANY, NEW HAVEN, CONN. 

[Incorporated 1841. Commenced business 1841.] 

Paid-up Capital, $200,000. 

Charles Peterson, President. Secretary, Herbert Mason. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds .... 
N. Y., N. H., and H. R.R. Co. stock . 
Shore Line Railroad Company stock 
Morris and Essex Railroad Company stock 
Yale National Bank stock, New Hampshire 
National New Haven Bank stock . 
New Haven Comity National Bank stock 
Merchants' National Bank stock, N.H. . 
Second National Bank stock, N.H. 
Tradesmen's National Bank stock, N.H. 
National Bank of Commerce, New York 
National Bank of the Republic, New York 
American Exchange National Bank, N.Y. 
Chicago and Alton Railroad income bond 
New Haven and Northampton R.R. bonds 
P. P. and Jacksonville Railroad bonds . 
Chicago, St. Paul, and Minn. R.R. bonds 
New Haven Water Company bonds 



Par value. Market value. 

$104,500 00 $111,505 63 
20,000 00 31,600 00 



6,100 00 

18,000 00 

10,000 00 

7,900 00 

6,000 00 

10,000 00 

11,200 00 

1,000 00 

5,000 00 

3,800 00 

10,000 00 

16,500 00 

15,000 00 

6,000 00 

4,000 00 

12,500 00 



7,442 00 

13,680 00 

9,500 00 

11,218 00 

6,900 00 

9,800 00 

15,680 00 

1,380 00 

5,875 00 

3,135 00 

10,025 00 

17,325 00 

13,050 00 

4,500 00 

2,590 00 

12,875 00 



$267,500 00 $288,080 63 



Summary of Assets, Dec. 31, 1878. 

Loans on mortgage of real estate (first liens*), $14,900 00 

Interest due or accrued thereon . . . 100 84 

Stocks, bonds, etc., as per schedule . . . 288,080 63 

Cash in the office of the company . . . 204 19 

deposited in various banks . . . 26,564 00 

Interest due and accrued . . . . 1,132 63 

Premiums in course of collection (gross) . . 24,495 84 

Notes taken for marine and inland risks . . 8,795 49 

Salvage on losses paid ..... 4,993 95 

Gross Assets $369,267 57 



Value of lands mortgaged $24,500 00 

Value of buildings thereon 12,000 00 

Amount of insurance held as collateral .... 12,000 00 



360 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 
Losses adjusted, unpaid $9,019 08 

claimed and reported .... 21,037 36 

Total amount of losses $30,056 44 

Less re-insurance 2,300 00 

Xet amount of unpaid losses .... $27,750 44 

Unearned premiums on outstanding risks . 103,104 40 

Commissions and brokerage . . . . 4,189 52 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 

Surplus over Capital 

Income 

Cash received for fire premiums . . . $177,750 99 

Deduct re-insurance and return premiums . 30,805 23 
Net cash received for fire premiums 
Cash received for marine and inland premiums, $83,879 09 
Deduct re-insurance and return premiums . '■) 70 

Net cash rec'd for marine and inland prems. . 

Unpaid premium notes received dur- 
ing the year .... $8,795 49 
Interest received on mortgages .... 
Interest and dividends received from all other sources 



Gross Cash Income .... 

Expenditures. 
Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses . 

Deduct salvage and re-insurance 

Xet cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 
for salaries and incidentals 
for State and local taxes . 



$100,9S4 39 
1,503 37 

$92,774 00 

;0 72 



Gross Cash Expenditures . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$13,S09,476 00 
14,667,135 00 



.476,611 00 
13,355,496 00 

$15,121,115 00 
171,239 00 



$135,050 36 

8204.217 21 
200.000 00 

184,217 21 



8146.945 76 
81,635 33 



971 00 
16,010 03 

2 12 



.481 02 



87,740 28 
14,000 00 
36,26S 97 
22,208 S3 
1,938 72 

$201,640 82 

Premiums. 

$196,119 41 
1S0,028 13 

.147 54 
198,709 79 

177.437 75 
2.312 22 



$14,949,S76 00 S175,125 53 



1878.] 



INS. COS. OF OTHER STATES. 



361 



Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force . 



$1,080,303 00 $28,514 42 
15,946,964 00 80,720 95 



$17,027,267 00 $109,235 37 
16,421,754 00 92,347 90 



$605,513 00 $16,887 47 
11,550 00 341 84 



$593,963 00 $16,545 63 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year . . . . 

Fire losses incurred during the year . 

Marine and inland losses incurred during the year 

Company's stock owned by directors . 



$2,264,072 76 

1,553,477 15 

264,281 00 

14,000 00 

103,544 00 

78,662 00 

37,850 00 



STANDARD FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated March 26, 1859. Commenced, business March 29, 1859.] 

Paid-up Capital, §200,000. 

William M. St. John, President. Secretary, Robert H. Myers. 

Office, No. 62 Liberty Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $330,000 00 $350,230 06 



Securities held as collateral for cash loans: — 

25 shares Star Fire Insurance Company . 
50 shares German American Rank . 



Market value. Loaned thereon. 

$2,625 00 $2,000 00 
2,625 00 2,000 00 



$5,250 00 $4,000 00 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate 



$10,668 12 



Loans on mortgage of real estate (first liens*), 45,500 00 

Interest due or accrued thereon . . . 265 40 

Stocks, bonds, etc., as per schedule . . 350,230 06 

Loans on collateral security, as per schedule . 4,000 00 

Cash in the office of the company . . . 305 62 

deposited in Union Trust Company . 8,479 69 



* Value of lands mortgaged $48,500 00 

Value of buildings thereon 51,000 00 

Amount of insurance held as collateral . . . 45,500 00 
46 



362 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Interest due and accrued 
Premiums in course of collection (gross) 
Gross Assets 

Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Dividends to stockholders, unpaid . 
Due and accrued for rent, salaries, etc. . 
State and local taxes .... 
Commissions and brokerage . 
Return premiums ..... 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 



Surplus over Capital 

Income. 
Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest received on mortgages 

Interest and dividends received from all other 

Income from rents ..... 



Gross Cash Income .... 

Expenditures 
Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidental expenses . 

Gross Cash Expenditures . 

Risks and Premiums. 



$23 32 

5,724 92 



*$425,197 13 



81,086 06 

195 00 

2,500 00 

42,586 62 

470 50 

1,997 34 

426 19 

412 34 

512 21 



$85,035 14 
9,570 23 



sources 



$29,588 84 
137 08 



50,186 26 

1375,010 87 

200,000 00 

$175,010 87 



75,464 91 

3,185 00 

20,086 63 

276 91 

$99,013 45 



.451 76 

11,989 50 

7,468 21 

20.313 71 

2.125 09 

7,164 98 

78,513 25 



Fire risks outstanding Dec. 31, 1877, 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$12,782,700 32 $90,782 24 
15,072,029 19 85,199 15 



827,854,729 51 $175,981 39 
14,801,196 39 89,231 80 



813,053,533 12 $86,749 59 
585,150 00 1.749 56 



812.468,383 12 $85,000 03 



* Including $78,000 special reserve fund, held under " Surplus Law " of New York. 



1878.] 



INS. COS. OF OTHER STATES. 



363 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year . . . . 

Fire losses incurred during the year . 

Company's stock owned by directors . . . . 



$2,131,180 70 

1,240,942 54 

413,720 00 

12,460 00 

30,262 89 

58,600 00 



STANDARD FIRE INSURANCE COMPANY, TRENTON, N.J. 

[Incorporated Feb. 22, 1868. Commenced business Feb. 22, 1869.] 

Paid-up Capital, $200,000. 

William Dolton, President. Secretary, Joseph B. Wright. 

Detailed Statement of Stocks, Bonds, etc. 

Par value. Market value. 

United States bonds $9,000 00 $10,402 50 

Albany and Susquehanna Railroad bond . 1,000 00 1,080 00 

New York and Erie Railroad bond . . . 6,000 00 6,900 00 

United N. J. R.R. and Canal Company stock, 15,000 00 19,650 00 

Central Pacific Railroad bond .... 5,000 00 5,431 25 

Trenton Banking Company stock . . . 7,200 00 7,200 00 

First National Bank stock .... 3,700 00 4,810 00 

Mechanics' National Bank . . . . 5,000 00 6,500 00 



Securities held as collateral for cash loans : — 



Washington Market Association stock 
Seventh Ward Land Association stock . 
First National Bank stock 
Farmers' National Bank stock, Bristol, Penn. 
Rutherford Land Association stock 



$51,900 00 $61,973 75 



Market value. Loaned thereon. 



1,040 00 
2,000 00 
15,730 00 
6,000 00 
7,200 00 



500 00 
2,000 00 
9,532 28 
1,500 00 
4,000 00 



$31,970 00 $17,532 28 



Summary of Assets, Dec. 31, 1878. 

Cash value of unencumbered real estate . . $10,581 87 

Loans on mortgage of real estate (first liens*), 150,354 00 

Interest due or accrued thereon . . . 7,258 48 

Stocks, bonds, etc., as per schedule . . 61,973 75 

Loans on collateral security, as per schedule . 17,532 28 

Cash in the office of the company . . . 11,043 08 

deposited in Mechanics' National Bank . 6,899 07 

* Value of lands mortgaged $149,150 00 

Value of buildings thereon 168,000 00 

Amount of insurance held as collateral . . . 103,350 00 



364 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Interest due and accrued 
Premiums in course of collection (gross) 
Salvage claim secured . 
Rents due and accrued . 
Gross Assets . 



$1,942 50 

35,367 01 

500 00 

50 00 



;,502 04 



Liabilities. 
Losses adjusted, unpaid .... 
claimed and reported . 
disputed or resisted 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital ..... 



$13,835 23 

400 00 

1,500 00 

72,244 50 

5,874 60 



Surplus over Capital 

Income. 
Cash received for fire premiums . . . $133,597 44 
Deduct re-insurance and return premiums . 16,996 26 

Net cash received for fire premiums . . 

Interest received on mortgages . . .... 

Interest and dividends received from all other sources . 

Gross Cash Income ........ 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 



$94,375 44 
2,715 07 



93,854 33 

-.647 71 
200,000 00 

$9,647 71 



8116,601 18 

10,847 03 

5.214 67 

8132,662 88 



1,660 37 

10,000 00 

25,378 25 

5,368 00 

2,835 40 

•6 07 

8142,598 09 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$9,789,136 94 $162,033 72 
9,574,281 83 142,349 94 



$19,363,418 77 $304,3S3 66 
9,953,938 68 154,339 39 



$9,409,480 09 $150,044 27 
235,881 28 4.234 38 



M73,598 81 $145,809 S9 



1878.] 



INS. COS. OF OTHER STATES. 



365 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (5 per cent) 
Fire losses incurred during the year . 
Company's stock owned by directors . 



$711,038 11 

419,529 49 

47,000 00 

10,000 00 

95,597 48 

' 120,350 00 



STAR FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated Dec. 2, 1864. Commenced business Dec. 2, 1864.] 

Paid-up Capital, $300,000. 

Nicholas C. Miller, President. Secretary, James M. Hodges. 

* Office, No. 141 Broadway. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $290,000 00 $302,987 50 

50 shares Nassau Bank 5,000 00 4,250 00 

25 " German American Bank . . . 1,875 00 1,500 00 

50 i" N. Y. C. and H. R. R.R. Co. . . 5,000 00 5,700 00 



$301,875 00 $314,437 50 



Securities held as collateral for cash loans : — 



50 shares North River Bank . 

6 " Park Fire Insurance Company. 
12 " Shoe and Leather Bank . 
Richmond county bond .... 
Hoboken city bond .... 

45 shares German American Bank . 
20 " Union Mutual Bank, Rah way . 
66 " Central Railroad, New Jersey . 
75 " New Jersey Railroad 
14 " New York and New Haven R.R. 
Central Railroad, New Jersey, bonds 
Brooklyn and Newtown Railroad bonds . 

25 shares Lamar Insurance Company . 
300 " Westchester Fire Insurance Co. 
United States bond .... 

40 shares Manufs'. and Merchants' Bank 
20 " Citizens' Insurance Company . 
Citizens' Insurance Company scrip . 
10 shares Importers' and Traders' Ins. Co. 
25 " Firemen's Fund Insurance Co. 
60 " American Fire Insurance Co. . 
20 " Rutgers Fire Insurance Company 
Allen Hay Company bonds 



660 00 . 


- $1,800 00 


1,272 00 


1,200 00 


: 52} -- 


3,000 00"] 




1,000 00 




2,178 00 
9,750 00 


► 16,700 00 


2,240 00 




2,160 00J 




2,100 00 


1,500 00 


2,625 00 


2,000 00 


3,300 00 


1,500 00 


510 00 


400 00 


650 00^ 




700 00 




200 00 




525 00 
200 00 


>■ 7,500 00 


3,900 00 




1,500 00 




2,000 00, 





366 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



22 shares Washington Life Insurance Co 
15 " German American Bank . 
15 " City Fire Insurance Company 
25 " American .Express Company 

6 " Provident Savings Life Ins. Co 
United States 10-40 bond 
United States 5-20 bond . 
Bond and mortgage 



11,155 00 

900 00 

1,344 00 

1,250 00 

540 00 

550 00 

100 00 J 

2,500 00 



SI, 000 00 



Y 4,500 00 



2,000 00 



$51,334 00 $40,900 00 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*), 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) . 
Rents due and accrued .... 
Premiums more than 3 months due, $1,200 00 

Gross Assets 



$31,061 68 

173,825 00 

4,575 63 

314,437 50 

40,900 00 

7,960 35 

561 40 

1,616 90 

23,368 57 

2,260 41 



$600,567 44 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. 
State and local taxes ... 
Commissions and brokerage . 
Return premiums .... 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 

Surplus over Capital 

Income 

Cash received for fire premiums 

Deduct re-insurance and return premium 

Net cash received for fire premiums 



$6,749 00 
7,607 00 
6,500 00 
100,398 05 
3,083 00 
2,612 00 
2,150 00 
150 00 



$198,440 62 
29,721 82 



129,249 05 

$471,318 39 
300,000 00 

$171,318 39 



8168,718 80 



* Value of lands mortgaged . 
Value of buildings thereon 
Amount of insurance held as collateral 



$269,200 00 
171, S00 00 
173,2o0 00 



1878.] 



INS. COS. OF OTHER STATES. 



367 



Interest received on mortgages .... 

Interest and dividends received from all other sources 
Income from rents ....... 

Received for increased capital . $100,000 00 



$8,361 '43 

12,677 19 

1,242 44 



Gross Cash Income $190,999 86 



Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Xet cash paid for fire losses 
Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidental expenses . 

Gross Cash Expenditures . 

Risks and Premiums., 

Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total ..... 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$84,956 37 
7,589 15 



,675,114 00 
37,014,683 00 

$53,689,797 00 
25,483,391 00 

$28,206,406 00 
1,132,412 00 



$77,367 22 

25,000 00 

4,713 71 

23,914 53 

1,461 56 

33,547 92 

$166,004 94 

Premiums. 

$130,466 43 
254,279 27 

$384,745 70 
177,710 30 

$207,035 40 
9,690 00 



$27,073,994 00 $197,345 40 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year 

Fire losses incurred during the year . 

Company's stock owned by directors . 



$2,120,652 24 

1,124,827 09 

269,791 77 

25,000 00 

76,557 00 

93,100 00 



STERLING FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated January, 1864. Commenced business January, 1864.] 

Paid-ut Capital, $200,000. 

Andrew L. Soulard, President. Secretary, John K. Van Rensselaer. 

Office, No. 155 Broadway. 

Summary of Assets, Dec. 31, 1878. 

United States bonds $269,350 00 

Cash in the office of the company . . . 561 86 



368 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash deposited in various banks 
Premiums in course of collection (gross) . 
Premiums more than 3 months due, $572 13 
Gross Assets ...... 

Liabilities.^ 
Losses claimed and reported .... 

disputed or resisted .... 

Unearned premiums on outstanding risks 

Due and accrued for rent, salaries, etc. . 

Commissions and brokerage .... 

Return premiums ...... 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 



SI, 172 00 






3,830 13 








8274,913 


99 




00 






2,500 00 






21,394 89 






833 33 






626 07 






28 46 







25,682 75 

•.231 24 
200,000 00 



Surplus over Capital 

Income. 

Cash received for fire premiums . . . $45,259 82 

Deduct re-insurance and return premiums . 1,972 06 

Net cash received for fire premiums . . 

Cash received for marine and inland premiums, §477 50 

Deduct re-insurance and return premiums . 40 00 

Net cash received for marine and inland prems. 

Interest and dividends received from all sources 



.231 24 



813,287 76 



437 50 
15,178 19 



Gross Cash Income $58,903 45 



Expenditures. 
Cash paid for fire losses 

Deduct salvage and re-insurance 

Net cash paid for fire losses .... 

Cash dividends paid ..... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for interest on borrowed money 
for incidental expenses . 

Gross Cash Expenditures .... 
Risks and Premiums. 



$14,140 11 
1,852 68 



Fire risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year 
Deduct amount re-insured 

Net amount in force . 



88,548,314 00 
9,832.338 00 

$18,380,652 00 
10,166,423 00 

§S,214,229 00 
172,S75 00 



$12,287 43 

20,500 00 

5,590 60 

15,040 00 

213 58 

9,016 92 

862. 64S 53 

Premiums . 

$45,313 30 
44.445 08 

758 38 

46,739 53 

$43,018 85 
1,005 75 



$8,041,354 00 $42,013 10 



1878.] 



INS. COS. OF OTHER STATES. 



369 



Marine risks written during 1878 
Deduct amount re-insured 

Net amount in force . 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends' declared from organization of company 
Dividends declared during the year (10 per cent) 
Fire losses incurred during the year 
Company's stock owned by directors 



$14,000 00 


$477 50 


1,250 00 


40 00 


$12,750 00 


437 50 


7 • • ' 


$877,853 02 




364,030 42 


npany . 


230,000 00 




20,000 00 


. . < 


7,868 17 


. . 


. 74,800 00 



ST. NICHOLAS INSURANCE COMPANY, NEW YORK. 

[Incorporated July 31, 1852. Commenced "business July 31, 1852.] 

Paid-up Capital, $200,000. 

William Winslow, President. Secretary, Jacob DuBois. 

Office, No. 166 Broadway. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, registered . . . $188,000 00 $199,135 00 
New York city bonds 8,700 00 9,222 00 



$196,700 00 $208,357 00 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate . 


. $8,330 58 


Loans on mortgage of real estate (first liens*) 


57,000 00. 


Interest due or accrued thereon 


1,579 17 


Stocks, bonds, etc., as per schedule 


208,357 00 


Cash in the office of the company . 


479 58 


deposited in various banks 


4,633 43 


Interest due and accrued 


104 99 


Premiums in course of collection (gross) . 


11,692 87 


Due for re-insurance . 


4,626 28 


Premiums more than 3 months due . $686 Qi 


t 


Gross Assets ...... 


$°0fi 80S 00 




Liabilities. 




Losses claimed and reported . 


$1,400 00 


disputed or resisted , 


1,000 00 








44,500 00 


Amount of insurance held as collateral . 


41,500 00 



47 



370 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Unearned premiums on outstanding risks 
P ccrued for rent, salaries, etc. 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 

Income 

Cash received for fire premiums . . . $125,056 38 
Deduct re-insurance and return premiums . 7,547 15 
Net cash received for fire premiums 
Interest received on mortgages 
Interest and dividends received from all other sources 

Gross Cash Income 



$54,050 48 
516 66 
816 89 



$57,784 03 

$239,019 87 
200,000 00 

$39,019 87 



Expenditures. 
Cash paid for fire losses .* 

Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 



Risks and Premium-. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force . 



820,916,027 00 
16,650,802 00 

$37,566,829 00 
21,566,728 00 

$16,000,101 00 
51,415 00 



$117,509 23 

4,262 50 

11,017 49 

8132,789 22 



$53,374 28 
18,000 00 
24,028 72 
14,676 64 
3,355 02 
10,503 09 

$123,937 75 



Premiums. 

$116,035 61 
125.056 38 

$241,091 99 
136,394 87 

§104,697 12 
341 26 



815,948,686 00 $104,355 86 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (9 per cent) . 
Fire losses incurred during the year . 

Company's stock owned by directors . 



$2,456,386 S5 

1,397,826 31 

254,500 00 

18,000 00 

45,036 86 

100,250 00 



1878.] 



INS. COS. OF OTHER STATES. 



371 



ST. PAUL FIRE AND MARINE INSURANCE COMPANY, 
ST. PAUL, MINN. 

[Incorporated May, 1865. Commenced business May, 1865.] 

Paid-up Capital, $400,000. 

C. H. Bigelow, President. Secretary, C. A. Eaton. 

Office, Corner Third and Jackson Streets. 



Detailed Statement of Stocks, 



United States bonds .... 
200 shares First National Bank, St. Paul 
120 " Merchants' Nat'l Bank, St. Paul 
36 " First National Bank, St. Peter 
379 " St. Paul and S. C. R.R. pref. 8s 
St. Paul and S. C. R.R. land contracts . 



ehouse and Ele. Co. 
Elevator Co. bonds 



168 shares St. Paul Wa 

St. Paul Warehouse and 

St. Paul city bonds 

Mineapolis city bonds 

Stillwater city bonds 

Mankato city bonds 

Detroit town bonds . 

Rock county bonds . 

Cass county bonds . 

Aitken county bonds 

Becker county bonds 

Pine county bonds 

Ramsey county bonds 

Otter Tail county school district bonds 

St. Cloud school district bonds 



Securities held as collateral for cash loans: — 

695 shares First National Bank, St. Paul 

85 " Second National Bank, St. Paul . 
160 " Merchants' Nat'l Bank, St. Paul, 
37£ " Savings National Bank, St. Paul, 
45 " First National Bank, Red Wing . 
80 " First National Bank, Stillwater . 
50 " Lumberman's Nat'l B'k, Stillwa'r, 
20 " Citizens' Nat'l Bank, New Ulm . 
15 " State National B'k, Minneapolis, 

2133 " St. Paul and S. C. R.R. land . 
40 " St. Paul, S., and T. F. land 

St. Paul, S., and T. F. R.R. bonds 



Bonds, Etc. 

Par value. 

$50,000 00 

20,000 00 

12,000 00 

3,600 00 

37,900 00 

1,788 75 

8,800 00 

8,000 00 

33 04 

1,500 00 

10,000 00 

8,500 00 

5,999 00 

24,000 00 

7,400 00 

3,200 00 

1,860 00 

7,757 00 

1,000 00 

804 87 

100 00 



Market value. 

$49,750 00 

28,000 00 

13,540 00 

4,140 00 

37,900 00 

1,788 75 

8,800 00 

8,000 00 

33 04 

1,500 00 

10,000 00 

8,500 00 

5,999 00 

24,000 00 

7,400 00 

3,200 00 

1,860 00 

7,757 00 

1,000 00 

804 87 

100 00 



$214,242 66 $224,072 66 



Market value. 

$97,300 00 
15,300 00 
19,200 00 
3,750 00 
5,625 00 
9,600 00 
6,000 00 
2,000 00 
1,500 00 

127,980 00 
2,400 00 
5,100 00 



Loaned thereon. 

$68,200 00 

10,052 80 

14,000 00 

3,000 00 

3,535 00 

8,000 00 

5,000 00 

900 00 

1,365 59 

95,878 11 

2,000 00 

4,500 00 



372 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



1324 shares St. Paul Harvester Works 



18 ' 
5 
1000 
100 

100 « 
Cass county bonds . 
Aiken county bonds 



St. Paul Manufacturing Co. . 
St. Paul Wareh'e and Ele. bonds, 
Pioneer Press Company 
Seymour, Sabin, & Co. Mf'g Co. . 
Stillwater Gas Light Company 



$66,200 00 $50,456 89 



G75 00 

500 00 

40,000 00 

5,000 00 

2,500 00 

2,000 00 

500 00 



550 00 

434 00 

10,954 70 

4,144 00 

1,500 00 

1,500 00 

400 00 



$413,130 00 $286,371 15 



Summary of Assets, Dec. 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 
deposited in various banks 4 
Interest due and accrued 
Premiums in course of collection (gross) 
Xotes taken for marine and inland risks . 
Rents due and accrued .... 
Gross Assets 



31, 1878. 

|122 } 163 77 

87,383 77 

4,534 40 

224,072 66 

286,371 15 

967 76 

42,364 40 

17,046 47 

51,483 20 

3,965 60 

1,547 25 



1,900 43 



Liabilities. 

Losses claimed and reported . 
disputed or resisted 

Total amount of losses . 
Less re-insurance . 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 

Surplus over Capital 



121,474 25 

10,622 31 

.096 56 
3,000 00 

$29,096 56 

243,052 29 

6,011 33 



278,160 18 



$563,740 25 
400,000 00 

5163.740 25 



* Value of lands mortgaged $95,950 00 

Value of buildings thereon 75,500 00 

Amount of insurance held as collateral . . . 51,050 00 

f The company holds, also, instalment premium notes to the amount of $155,041.26, which 
do not enter into nor form any part of the assets of the company, as no portion of them is 
earned. Whatever value might be attached to them -would necessarily be counterbalanced by 
the addition of an exactly equal amount to the re-insurance liability, the entire sum cub- 
ing of " unearned premiums.'' 



1878.] 



INS. COS. OF OTHER STATES. 



373 



INCOME. 

Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Cash received for marine and inland premiums, 
Deduct re-insurance and return premiums 
Net cash received for marine and inl'd prems. — 
Unpaid premium notes received dur- 
ing the year . . . . $3,965 60 
Interest received on mortgages .... 

Interest and dividends received from all other sources 
Income from rents ....... 



$409,875 80 
62,280 94 



2,309 56 
7,372 55 



$347,594 86 



74,937 -01 



7,978 01 

50,107 77 

6,107 83 



Gross Cash Income $486,725 48 



$237,540 49 
5,585 55 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses . . $61,971 02 

Deduct salvage and re-insurance . . . 3,371 81 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidental expenses . 

Gross Cash Expenditures 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 



$35,245,846 00 
30,244,576 00 



$65,490,422 00 
28,004,717 00 

$37,485,705 00 
665,428 00 



$231,954 94 



58,599 21 
40,000 00 
75,901 94 
25,754 52 
18,128 57 
33,279 29 

$483,618 47 



Premiums. 

$543,304 07 

409,875 80 

$953,179 87 

455,853 28 

$497,326 59 

13,611 62 



$36,820,277 00 $483,714 97 



$198,540 00 

15,285,653 97 

515,484,193 97 

15,191,427 97 



$7,966 00 
82,309 56 

$90,275 56 
85,139 28 



In force at end of year 



$292,766 00 $5,136 28 



374 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . 
Marine and inland losses incurred during the year 
Company's stock owned by directors . 



53,821,83' 

2,484,501 

406,096 17 

40,000 00 

226,095 42 

.766 18 

194,300 00 



TOLEDO FIRE AND MARINE INSURANCE COMPANY, 

TOLEDO, O. 

[Incorporated Feb. 1, 1848. Commenced business April 1, 1848.] 

Paid-up Capital, §200,000. 

Valentine II. Ketchum, President. Secretary, Frederick B. Dodge. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

First National Bank stock, Toledo . . . $8,600 00 §12,040 00 
Noble county (Ind.) bonds . . . . 2,000 00 2,000 00 



Securities held as collateral for cash loans : 

Toledo and Wabash Elevator Company stock 
Toledo Gas Light Company stock 
Masonic Temple Association stock 
Milburn Wagon Company stock 
Merchants' National Bank stock 
Toledo Savings Bank stock 



$10,600 00 814,040 00 



Market value. Loaned thereon. 



$48,500 00 
2,000 00 
3,000 00 
3,000 00 
1,650 00 
1,100 00 



$19,175 00 
1,650 00 
1,892 87 
2,000 00 
1,000 00 
1,000 00 



§59,250 00 $26,717 -7 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*), 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in First National Bank . 
Interest due and accrued 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks . 
Premiums more than 3 months due, $1,630 00 
Gross Assets 



831,287 61 
77,300 00 

2,681 50 

14,040 00 

26,717 87 

516 06 

77,850 78 

1,015 86 
11,397 65 

5.234 34 



8248,041 67 



* Value of lands mortgaged . 
Value of buildings thereon 
Amount of insurance held as collateral 



$127,000 00 
73,000 00 
32,750 00 



1878.] 



INS. COS. OF OTHER STATES. 



375 



Liabilities. 
Losses adjusted, unpaid ..... $12,637 54 

claimed and reported .... 100 00 

Total amount of losses $12,737 54 

Less re-insurance . . . . . . 6,666 67 

Net amount of unpaid losses .... $6,070 87 

Unearned premiums on outstanding risks . 34,860 80 

Commissions and brokerage .... 600 00 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 

Surplus over Capital 

Income 

Cash received for fire premiums . . . $74,796 71 

Deduct re-insurance and return premiums . 9,646 64 

Net cash received for fire premiums 

Cash received for marine and inland premiums, $51,093 88 

Deduct re-insurance and return premiums . 17,908 88 

Net cash rec'd for marine and inland prems. 

Unpaid premium notes received 

during the year . . . $6,864 34 

Interest received on bonds and mortgages 
Interest and dividends received from all other sources 



Gross Cash Income .... 

Expenditures. 
Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidental expenses . 



$41,531 67 

$206,510 00 
200,000 00 

$6,510 00 



55,150 07 



33,185 00 



10,320 43 
6,142 48 

$114,797 98 



$50,331 19 
21 33 

$33,805 21 
9,277 28 



$50,309 86 



24,527 93 
6,000 00 

15,539 92 
2,885 00 
1,922 99 
6,341 12 

$107,526 82 



Gross Cash Expenditures . 

Risks and Premiums. 

Premiums. 

$4,646,521 00 $76,260 92 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



5,605,850 00 74,603 24 



$10,252,371 00 $150,864 16 
5,721,747 00 84,935 63 



:,530,624 00 $65,928 53 
89,916 00 1,383 39 



$4,440,708 00 $64,545 14 



376 FIRE, MARINE, AND FIRE-MARINE [Dec. 81, 



Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year 



. 896,816 00 $4,350 36 
. 3,340,354 00 47,046 12 



83,437,170 00 $51,396 48 
. 3,360,237 00 47,417 01 



$76,933 00 83,979 44 



Miscellaneous. 

Cash dividends declared from organization of company 
Dividends declared during the year (3 per cent) . 
Fire losses incurred during the year 
Marine and inland losses incurred during the year . 
Company's stock owned by directors 



242,664 95 

6,000 00 

49,527 84 

23,861 26 

115,500 00 



TRADE INSURANCE COMPANY, CAMDEN, N.J. 

[Incorporated March 21, 1872. Commenced business July 1, 1873.] 

Paid-up Capital, 8200,000. 

David L. Taylor, President. Secretary, Edmund May. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds 875,000 00 $75,000 00 

Camden Board of Education bonds . . 3,000 00 3,000 00 

New Jersey Mining Company stock . . 845 00 845 00 



$78,845 00 878,845 00 



Securities held as collateral for cash loans: — 



11 shares Eighth Nat'l Bank, Philadelphia 
100 ' ' West Jersey Railroad 
200 " Camden Trust Company 
Philadelphia city bonds . 

10 shares Camden Trust Company 

10 

5 

125 

25 
187 
115 

40 

35 

50 



Millville National Bank . 
First National Bank, Camden 
American Dredging Company 
Trade Insurance Company 
American Dredging Company 
Trade Insurance Company 
Pennsylvania Railroad . 
Camden Trust Company 
Millville Insurance Company . 



Market value. 

81,540 00 

4,000 00 

6,000 00 

2,825 00 

300 00 

750 00 

500 00 

5,000 00 

7,500 00 

1,320 00 
1,050 00 
5,000 00 



Loaned thereon. 

61,100 00 
2,500 00 
5,000 00 
2,500 00 

[ 650 00 

350 00 
4,000 00 

\ 5,750 00 



y 6,098 00 



835,785 00 827,948 00 



Summary of Assets, Dec. 31, 1878. 
Loans on mortgage of real estate (first liens*), 8126,483 33 

* Value of lands mortgaged $100,550 00 

Value of buildings thereon 222,600 00 

Amount of insurance held as collateral . . . 103,100 00 



1878.] 



INS. COS. OF OTHER STATES. 



377 



Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in Camden Trust Company 
Interest due and accrued .... 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks . 
Re-insurance due ..... 
Salvage claims, etc. .... 

Gross Assets ..... 



$3,223 70 

78,845 00 

27,948 00 

663 92 

4,557 33 

1,974 99 

18,905 11 

10,018 61 

175 00 

4,018 60 



$276,813 59 



Liabilities. 

Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Reclaim able on perpetual fire policies 
Dividends to stockholders, unpaid . 
Due and accrued for rent, salaries, etc. . 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital ..... 



Surplus over Capital 



$6,000 13 

5,000 00 

3,000 00 

48,434 21 

1,028 70 

489 00 

500 00 

1,745 16 



66,197 20 

$210,616 39 
200,000 00 

$10,616 39 



Income. 

Cash received for fire premiums . . . $82,148 07 
Deduct re-insurance and return premiums . 1,643 37 

Net cash received for fire premiums . . 

Cash rec'd for marine and inland premiums . $15,733 21 
Deduct re-insurance and return premiums . 1,119 34 

Net cash received for marine and inland prems. 

Unpaid premium notes received 

during the year . . . $10,018 61 
Interest received on mortgages . . .... 

Interest and dividends received from all other sources . 
Income from miscellaneous sources . . .... 



$80,504 70 



14,613 87 



4,508 91 

6,789 30 

540 30 



Gross Cash Income $106,957 08 



Expenditures. 

Cash paid for fire losses $55,695 76 

for marine and inland losses . . $10,110 83 
Deduct salvage and re-insurance . . . 670 98 

Net cash paid for marine and inland losses . 9,439 85 

Cash dividends paid 12,805 00 

48 



378 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures .... 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year 
Deduct amount re-insured 

Xet amount in force . 



85,214,830 11 
4,967,530 11 

810,182,360 22 
5,344,758 54 

$4,837,601 68 



$18,881 56 
5,127 44 
3,423 07 
8,293 22 

811:1605 90 
Premiums. 

) 40 
82,144 55 

1169,481 95 

85,193 59 

$84,291 36 
398 70 



-37,601 68 $83,892 66 



8205,598 25 
J, 690 50 

1498,288 75 

324,819 25 

1173,469 50 



$13,891 14 
13,795 31 

827,686 45 
21,013 81 

.672 64 
25 00 



8173,469 50 86,647 64 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (6£ per cent) . 
Fire losses incurred during the year 
Marine and inland losses incurred during the year . 
Company's stock owned by directors . 



8561,538 30 
-.052 18 
66,310 00 
13,000 00 
63,269 14 
8,003 92 
86,000 00 



TRADERS' INSURANCE COMPANY, CHICAGO, ILL. 

[Incorporated February, 1865. Re-organized 1872.] 
Paed-up Capital $500,000. 
Charles Comstock, President. Secretary, Robert J. Smith. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 
Cook county bonds . 
Evans ton water loan bonds 
Chicago city bonds . 



Par value. Market value. 

$575,000 00 §620,375 00 

52,500 00 56,371 S7 

20,000 00 20,000 00 

13.000 00 13,926 25 



§660,500 00 §710,673 12 



1878.] 



INS. COS. OF OTHER STATES. 



379 



Securities held as collateral for cash loans: — 



10 shares West Division Railroad . 

Summary of Assets, Dec 

Cash value of unencumbered real estate . 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in Corn Ex. Nat'l Bank, . 
Interest due and accrued 
Premiums in course of collection (gross) . 
Re-insurance due ..... 
Personal property .... $3,000 00 

Gross Assets 

Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Market value. Loaned thereon. 

$1,700 00 $1,000 00 



31, 1878. 

$11,578 80 

710,673 12 

1,000 00 

2,822 50 

53,210 25 

1,412 50 

30,900 06 

8,138 97 



$3,690 37 

10,364 34 

131,762 11 

13,680 00 



Surplus over Capital 

Income 
Cash received for fire premiums . . . $351,748 61 

Deduct re-insurance and return premiums . 84,993 08 

Net cash received for fire premiums . . 

Cash received for marine and inland premiums, $17,712 62 

Deduct re-insurance and return premiums . 311 73 

Net cash received for marine and inl'd prems. 

Interest and dividends received from all sources . 

Income from commissions, salvages, etc. .... 



$819,736 20 



159,496 82 

$660,239 38 
500,000 00 

$160,239 38 



$266,755 53 



17,400 89 
34,366 45 
15,771 36 



Gross Cash Income $334,294 23 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes 

for rent and incidental expenses 

Gross Cash Expenditures 



$176,966 53 
9,281 18 



$167,685 35 
9,157 63 
45,000 00 
47,343 74 
24,710 00 
5,001 98 
22,973 96 

$321,872 66 



380 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Risks axd Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1877 . $19,858,129 99 1312,97115 
written during 1878 . . 27,990,715 93 351,748 61 

Total 

Deduct risks expired and terminated 



In force at end of year 

Marine risks written during 1878 . 
Deduct risks expired and terminated 



1 17.848,845 92 8001.719 76 
30,296,415 1,560 24 



817,552,430 00 $263,15 



84,875,726 00 
4,875,726 00 



117,712 

17,712 62 



Miscellaneous. 

Premiums received from organization of company 

Losses paid from organization of company 

'Cash dividends declared from organization of company 

Dividends declared during the year (9 per cent) . 

Fire losses incurred during the year . 

Marine and inland losses incurred during the year 

Company's stoek owned by directors . 



$2,362,369 50 

1.278,045 59 

315,000 00 

45,000 00 

184,124 79 

7.219 20 

92,800 00 



UNION INSURANCE COMPANY, PHILADELPHIA, PEXN. 

[Incorporated Feb. 6, 1804. Commenced business July 25, 1803.] 

Paid-up Capital, S200,000. 

Richard S. Smith, President. Secretary, John* B. Craven. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Camden and Amboy R.R coupon bonds, 6s . $11,200 00 $11,648 00 

Chesapeake and Delaware Canal reg. bonds, 6s, 14,610 00 10,957 50 

Pennsylvania R.R. 1st mort. coupon bonds, 6s, 1,000 00 1.070 00 

Schuylkill Navigation Co. registered bonds, 6s, 10,000 00 6,200 00 

Philadelphia and Erie R.R. coupon bonds, 6s, 10,000 00 10,375 00 

Pennsylvania Canal Co. coupon bonds, 6s . 15,000 00 9,750 00 

North Pennsylvania Railroad coupon bonds . 14,500 00 16.075 00 

Pittsburg water loan coupon bonds, 7s . . 10,000 00 10,500 00 

Philadelphia and Reading R.R. reg. bonds, 7s, 5,000 00 5,000 00 

Lehigh Valley Railroad registered bonds, 6s . 5,000 00 5,525 00 

American Steamship Co. coupon bonds, 6s . 5,000 00 4,150 00 

United States bonds 10,300 00 10,779 75 

Philadelphia city warrants .... 78,527 43 79,509 02 

Susquehanna Coal Company coupon bonds, 6s. 10,000 00 8.900 00 

100 shares Little Schuylkill Railroad . . 5,000 00 4.200 00 

134 " Pennsylvania Railroad . . . 6,700 00 4.171 75 

133 » North Pennsylvania Railroad . . 6.650 00 4,92100 

4S " Delaware Railroad . . . . 1,200 00 1.248 00 



1878.] 



INS. COS. OF OTHER STATES. 



381 



106 shares Pennsylvania Canal Company 
68 " Philadelphia National Bank . 
88 " Farmers' and Mechanics' Nat'l B'k, 
88 " Delaware Mutual Safety Ins. Co. . 
20 " Philadelphia -and So. Mail S.S. Co. 

525 " Harrisburg, P., M. J., and Lan. R.R. 



Securities held as collateral for cash loans: - 

240 shares Pennsylvania Railroad . 
20 " Philadelphia and Reading Railroad, 

6 " Philadelphia and Reading Railroad, 

7 " Lehigh Navigation Company . 
22 " ' Lehigh Valley Railroad . 

Ground rent ...... 

10 shares Homestead B. and L. Association 
Pittsburg, Cincinnati, and St. Louis bonds 
25 shares Union Mutual B. and L. Ass'n 
Frankford and Philadelphia Railroad bond 
Northern Central Railroad 2d mortgage bond 
Northern Central Railroad gold bond 

28 shares Conshohocken Quarry Company 
100 4 ' National Car Company 
240 " Fidelity Ins., Trust, and S. D. Co 
2000 " Central Colorado Imp. Company 
City Philadelphia bonds 



$5,300 00 
6,800 00 
8,800 00 
2,200 00 
5,000 00 

26,250 00 



$742 00' 

10,880 00' 

10,032 00 

3,080 oa 

400 00 

28,875 00* 



$274,037 43 $258,989 02: 



Market value. 

$7,470 00 
245 00 
186 75 
105 00 
742 50 

3,000 00 
600 00 

1,000 00 
900 00 
535 00 

4,500 00 
960 00 
700 00 

6,500 00 
30,000 00 

1,200 00 
580 00 



Loaned thereon ~ 

$4,500 00 



$1,000 0O 

1,000 oa 

200 00 

500 oa 

300 00 
450 00 



y 38,200 oa 



350 oa 



$59,224 25 $46,500 0a 



Summary of Assets, Dec 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks . 
• Re-insurance due ..... 
Gross Assets ..... 



31, 1878. 

$258,989 02 
46,500 00 

2,210 69 
10,654 62 

7,269 98 
21,796 02 
16,673 03 

2,500 00 



$366,593 36i 



Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies 
Dividends to stockholders, unpaid . 



$2,011 36 
25,276 79 

2,000 00 
63,688 19 
26,020 89 

2,250 74 



382 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Due and accrued for rent, salaries, etc. . 
Commissions and brokerage . 

Gross Liabilities, except Capital 



31,000 00 
150 00 



1122,397 97 



Surplus as regards Policy-holders I 5 39 

Paid-up Capital 200,000 00 



Surplus over Capital 



$44,19-: 



Income. 
Cash received for fire premiums . . . §89,260 96 

Deduct re-insurance and return premiums . 10,883 16 

Net cash received for fire premiums . . $78,377 80 

Cash received for marine and inland prems. . 3112,492 90 

Deduct re-insurance and return premiums . 26,748 05 

Net cash rec'd for marine and inland prems. . 85,744 85 

Unpaid premium notes received dur- 
ing year .... 316,673 03 
Interest and dividends received from all sources . . . 18,327 61 



Gross Cash Income $182,450 26 



Expenditures. 
Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid . 

Cash paid for commissions and incidentals 

for salaries of officers and employes 
for State and local taxes. 

Gross Cash Expenditures . . . . 



$32,725 13 
132 61 

.101 13 
14.836 96 



.592 52 



- 54,264 17 

15.642 26 

23,979 96 

17.607 32 

3,666 70 

. $147,752 93 



Eire risks outstanding Dec. 31, 1877 
written during 1878 



Risks and Premiums. 

Premiums. 

$6,348,356 00 85-. 0-1 02 
9,890,147 00 S9,260 96 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 



816,238,503 00 8147,641 98 
8,450,059 00 82,406 95 



-44 00 865,235 03 
. 124,394 00 12 79 



Net amount in force 



64,050 00 $62,492 24 



1878.] 



INS. COS. OF OTHER STATES. 



383 



Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total . . . • . 
Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 



$315,025 00 $19,447 15 
6,056,699 00 112,492 90 



56,371,724 00 $131,940 05 
5,780,595 00 99,553 24 



$591,129 00 $32,386 81 
19,400 00 945 00 



Net amount in force . . . $571,729 

Perpetual risks in force .... $757,175 

Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year .... 

Fire losses incurred during the year .... 
Marine and inland losses incurred during the year . 
Company's stock owned by directors .... 



00 $31,441 81 
00 



$13,565,169 00 
10,051,937 00 
1,686,599 00 
16,000 00 
39,238 89 
62,085 00 
36,300 00 



UNITED S TATES LLOYDS, NEW YORK. 

[Organized 1873. Commenced business 1873.] 

Higglns & Cox, Attorneys for the Subscribers. 

Office, No. 50 Wall Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds .... 
New York city and county bonds, 7s 
Boston city bonds, 5s (gold) . 
Atlantic Mutual Insurance Company's scrip 

Summary of Assets, Dec 
Stocks, bonds, etc., as per schedule 
Loans on collateral security 
Cash in various b'ks and with foreign bankers 
Interest due and accrued .... 
Premiums in course of collection (net) 
Notes taken for marine and inland risks . 
Salvages and re-insurance 
Re-insurance premiums and rebates 

Gross Assets 

Liabilities. 

Net amount of unpaid losses . 

Unearned premiums on outstanding risks 

Deposit in trust 

Sundry expenses ..... 
Gross Liabilities .... 

Surplus as regards Policy-holders 



. $175,000 00 


$194,062 50 


. 100,000 00 


119,000 00 


50,000 00 


55,875 00 


. 


7,190 00 




$376,127 50 


. 31, 1878. 




. $376,127 50 




29,000 00 




5, 142,872 69 


* 


2,833 34 




. 39,522 43 




6,128 75 




14,077 30 




6,321 94 






$616,883 95 




. $36,122 07 




65,510 90 




752 12 




1,100 00 






103,485 09 




. . . . 


$513,398 86 



384 FIRE, MARINE, AND FIRE-MARINE [Dec.Jl. 



Income. 
Cash received for marine and inland premiums, 3546, 866 76 
Deduct re-insurance and return premiums . 38,403 51 

Net cash received for marine and inland prems. §508,463 25 

Interest and dividends received from all sources . . . 23,028 62 

Income from brokerage and discount 1,62 

Income from premium on gold 784 94 

Gross Cash Income $533,904 32 



ExPENDITURI 

Xet cash paid for marine and inland losses 
Cash paid for brokerage and incidentals . 
Rebates in lieu of scrip ..... 

Gross Cash Expenditures 

MlSCELLAXEOI 

Marine and inland losses incurred during the year 



1309,144 15 
71,194 84 
92,473 18 

$472,812 17 



3309,144 00 



WATERTOWN FIRE INSURANCE COMPANY, WATER- 
TOWN. N.Y. 

[Incorporated Dec. 7, 1867. Commenced business Dec. 9, 1867.] 
Paid-up Capital, 8200,000. 
Willard Ives, President. Secretary, Jesse M. Ada 

Detailed Statement of Stocks, Boxds, Etc. 

Par value. Market value. 

United States bonds 1125,000 00 $130,81 

Davis Sewing Machine bonds . . . . 1,000 00 1,000 00 



$126,000 00 $131,898 44 



Securities held as collateral for cash loans : — 



Union Pacific Railroad bond . 
Northern Insurance Company stock 
Bond and mortgage 
Merchants' Bank stock . 
Agricultural Insurance Company stock 
Union Bank (Watertown) stock 
Agricultural Insurance Company stock 
Bond and mortgage 
Merchants' Bank stock . 
Northern Insurance Company stock 
Merchants' Bank stock . 
Agricultural Insurance Company stock 
Merchants' Bank stock . 
Northern Insurance Company stock 



Market value. Loaned thereon. 

$1,088 00) 
2,200 I 

842 00 ) 
910 00 > 

875 00 > 
3,850 00) 
3.500 00 ► 

866 00 ) 
3,000 00) 

500 00 > 

910 00 ) 

875 00 > 
1.050 00 I 

500 00 I 



£3,200 00 
1.700 00 

6,200 00 

3,000 00 
1,600 00 
1.500 00 



1878.] 



INS. COS. OF OTHER STATES. 



385 



Merchants' Bank stock . 
Bond and mortgages 
Bond and mortgages . ' . 
Agricultural Insurance Company 
Bonds and mortgages 
Agricultural Insurance Company 



Summary of Assets, Dec 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon 
Stocks, boiids, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (net) . 
Gross Assets . . 



$910 00 ) 
1,000 00 > 
1,000 00) 
1,758 00 > 
2,060 00 
76,404 00 



$1,200 00 

1,454 30 

1,823 15 
44,413 54 



$104,098 00 $66,090 99 

31, 1878. 

$36,465 46 

335,963 94 

14,820 56 

131,898 44 

66,090 99 

7,365 60 

79,529 47 

5,306 13 

87,375 45 
$764,816 04 



Liabilities. 
Losses adjusted, unpaid . 

claimed and reported . 
disputed or resisted 
Unearned premiums on outstanding risks 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 



Income 

Cash received for fire premiums . . . $475,156 90 
Deduct re-insurance and return premiums . 38,150 76 

Net cash received for fire premiums 

Interest received on mortgages 

Interest and dividends received from all other sources 



$5,174 00 

25,826 00 

7,650 00 

443,688 25 



482,338 25 

$282,477 79 
200,000 00 

$82,477 79 



$437,006 14 

22,743 11 

9,696 36 



Gross Cash Income $469,445 61 



Expenditures. 
Cash paid for fire losses .... 
Cash dividends paid .... 
Cash paid for commissions and brokerage 



$235,816 11 
20,000 00 
96,954 76 



* Value of lands mortgaged $779,610 00 

Value of buildings thereon 290,240 00 

Amount of insurance held as collateral . . . 236,410 00 

49 



386 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash paid for salaries of officers and employes . . . $34,726 27 

for State and local taxes 11,018 70 

for incidental expenses 38,407 



Gross Cash Expenditures .... 
Risks and Premiums. 



7,913 25 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year 



Premiums. 

$103,427,069 00 $881,283 23 
57,485,565 00 474,007 06 



$160,912,634 0011,355,290 29 

54,673,682 00 429,733 26 



$106,238,952 00 $925,557 03 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



$2,700,598. 35 

1,225,628 83 

200,000 00 

20,000 00 

238,8S7 33 

117,800 00 



WESTCHESTER FIRE INSURANCE COMPANY, NEW RO- 

CHELLE, NEW YORK. 

[Incorporated, as a Mutual, Mar. 14, 1837. Commenced business, as Joint Stock, Jan. 1, 

1870.] 

Paid-up Capital, $300,000. 

George J. Penfield, President. Secretary, George R. Crawford. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$480,000 00 $510,793 75 

10,000 00 3,000 00 

2,000 00 2,000 00 

2,500 00 625 00 

3,000 00 600 00 



United States bonds . . . . 
Chesapeake and Ohio Railroad bonds 
Manufacturers' and Merchants' Bank stock 
Taylor Iron Works stock 
Harlem Bridge and Fordham R.R. stock 



Securities held as collateral for cash loans 

Huguenot Park Association stock . 
Citizens' Bank stock .... 
Bond and mortgage assigned . 
Central Bank (Westchester county) stock 
Star Fire Insurance Company stock 



$497,500 00 8517,018 75 



Market value. Loaned thereon. 



$3,500 00 

4,000 00 

500 00 

2,600 00 

3,600 00 



$2,000 00 

2,000 00 

500 00 

2,000 00 

2,100 00 



$14,200 00 $8,600 00 






1878.] 



INS. COS. OF OTHER STATES. 



387 



Summary of Assets, Dec. 31, 1878. 



Cash value of unencumbered real estate . 

Loans on mortgage of real estate (first liens*) , 

Interest due or accrued thereon 

Stocks, bonds, etc., as per schedule 

Loans on collateral security, as per schedule 

Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) . 
Rents due and accrued .... 

Gross Assets 

Deduct special deposits in other States . 



$33,707 43 

1G5,450 00 

4,237 35 

517,018 75 

8,600 00 

8,138 70 

30,843 32 

379 05 

62,781 01 

1,550 00 



$832,705 61 
36,837 50 



Balance 



5,868 11 



Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Dividends to stockholders, unpaid . 
Commissions and brokerage . 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards Policy-holders 
Paid-up Capital .... 



$11,065 00 

24,548 00 

12,140 00 

302,959 50 

164 70 

6,269 54 

$357,146 74 
9,700 20 



- 347,446 54 

. $448,421 57 
. 300,000 00 



Surplus over Capital 



. $148,421 57 



Income. 

Cash received for fire premiums . . . $572,829 59 
Deduct re-insurance and return premiums . 64,644 99 

Net cash received for fire premiums . . 

Interest received on mortgages . . .... 

Interest and dividends received from all other sources - 



$508,184 60 
11,960 47 
28,971 76 



Gross Cash Income $549,116 83 



Expenditures. 
Cash paid for fire losses . . 
Deduct salvage and re-insurance 
Net cash paid for fire losses 



$364,439 55 
2,939 81 



$361,499 74 



* Value of lands mortgaged $148,000 00 

Value of buildings thereon 329,500 00 

Amount of insurance held as collateral . . . 204,150 00 



388 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for rent and incidentals . 

Gross Cash Expenditures .... 

Risks and Premiums. 




$30,024 00 
92,566 40 
29,100 00 
14,016 68 
72,272 55 

$599,479 37 



Fire risks outstanding Dec. 31, 1877 
written during 1879 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$69,736,942 00 1697,773 62 

65,460,2S4 00 072,736 45 



9135, 197,226 0081,270,510 07 
70,136,066 00 652,579 52 



$65,061,160 00 $617,930 55 
497,629 00 4,238 03 



864,563,531 00 $613,692 52 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent) . 
Fire losses incurred during the year . 
Company's stock owned by directors . 



$6,118,520 71 

3,345,494 05 

218,000 00 

30,000 00 

376,533 14 

148,000 00 



TVILLIAMSBURGH CITY FIRE INSURANCE COMPANY, 

BROOKLYN, N.Y. 

[Incorporated March, 1S53. Commenced business March, 1853.] 

Paid-up Capital, $250,000. 

Edmund Driggs, President. Secretary, N. TV. Meserole. 

Office, No. 13 Broadway, Brooklyn, E.D. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $236,000 00 8255,192 50 

Union Ferry Company stock . . . . 10,600 00 13. 7 SO 00 

Mechanics' and Traders' Bank stock, Greenp't, S,000 00 7.200 00 

Grand Street and Newtown Railroad stock . 25,000 00 20,000 00 

Nassau National Bank stock, Brooklyn . . 1,000 00 1.550 00 

Long Island Bank stock, Brooklyn . . . 10,000 00 9,500 00 

First National Bank stock, Brooklyn . . 8.100 00 14.5S0 00 

People's Gas Light Company stock, Brooklyn, 26,000 00 00 

Metropolitan Gas Light Co. stock, Brooklyn . 5,000 00 3,000 00 



1878.] 



INS. COS. OF OTHER STATES. 



389 



Citizens' Gas Light Company stock, Brooklyn 
Dry Dock, E. B'dway, and Battery R.R. stock 
Grand Street and Newtown Railroad bonds 
Georgia state bonds .... 

Brooklyn City Railroad stock . 
Broadway Railroad stock , Brooklyn 

Securities held as collateral for cash loans : 

Manufacturers' National Bank stock, N.Y. 
First National Bank stock, Brooklyn 
Broadway Railroad Company stock, Brooklyn 
Pacific Bank stock, New York 
Metropolitan Gas Light Co. stock, Brooklyn 
Importers' and Traders' Ins. Co. stock, N.Y 
New York City Insurance Company stock 
People's Gas Light Company stock, Brooklyn 
Pacific Fire Insurance Co. stock, New York 
Bushwick Railroad Company stock, Brooklyn 
Southside Railroad Co. stock, Long Island 
Delaware and Hudson Canal Company stock 
Manufacturers' National Bank stock, N.Y. 
Grand St. and Newtown R.R. stock, Brooklyn 
Manufacturers' National Bank stock N.Y. 
Merchants' Insurance Company stock, N.Y. 
Cypress Hill Cemetery bonds . 
Brooklyn Gas Company stock . 
Nassau Gas Company stock, Brooklyn 
Nassau Gas Company scrip, Brooklyn 
First National Bank stock, Brooklyn 
Williamsburgh Savings Bank book . 
Union Ferry Company stock . 
Equitable G. L. and Construction Co. stock 
Mechanics' Fire Ins. Co. stock, Brooklyn 
First National Bank stock, Brooklyn 
Mechanics' Bank stock, Brooklyn . 
Baltimore Gas Light Company stock 
Kings County Fire Ins. Co. stock, Brooklyn 
Lafayette Fire Insurance Co. stock, Brooklyn 
People's Gas Company stock, Brooklyn . 
Park Bank stock, New York . 



17,120 00 
20,000 00 
20,000 00 
25,000 00 
10,710 00 
11,000 00 



$1,272 00 
20,000 00 
20,000 00 
25,000 00 
17,136 00 
16,500 00 



$423,530 00 $435,510 50 



Market value. Loaned thereon. 

$2,850 00 t $2,000 00 
1,800 00) 
1,500 00 > 
4,050 00^1 
1,200 00 

525 00 

455 00 j 

300 00 

2,400 00 

10,800 00 

3,000 00 



2,000 00 

5,000 00 

200 00 
1,500 00 
9,000 00 
2,728 00 



1,330 00 ) 
1,311 00 ) 
3,520 00 
1,909 50 
3,000 00 
9,000 00 
10,560 00) 
4,500 00 C 
1,500 00) 
11,340 00 
1,600 00 
780 00 
1,500 00 
3,300 00 
2,880 00 % 
1,875 oo y 
6,750 00 ) 
3,500 00 
2,250 00) 
150 00 > 
450 00 



$101,885 50 

Summary of Assets, Dec. 31, 1878. 

Cash value of unencumbered real estate . . $90,741 55 
Loans on mortgage of real estate (first liens*), 251,370 00 



1,900 00 

2,750 00 

1,650 00 

750 00 

6,500 00 

13,500 00 

6,000 00 

140 00 

600 00 

1,000 00 

1,950 00 

10,000 00 

2,000 00 

1,000 00 

400 00 

$72,568 00 



* Value of lands mortgaged $208,200 00 

Value of buildings thereon 279,500 00 

Amount of insurance held as collateral . . . 231,800 00 



390 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) . 
Rents due and accrued .... 
Premiums more than 3 months due, $1,022 

Gross Assets ..... 
Deduct special deposits in other States . 



Liabilities. 
Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. 
Commissions and brokerage . 

Gross Liabilities, except Capital 
Deduct liabilities on special deposits 

Surplus as regards Policy-holders 
Paid-up Capital .... 



94 



85,830 07 

135,510 50 

72,568 00 

2,847 84 
32,419 33 

8,030 10 

31,119 40 

272 00 



Surplus over Capital 

Income 

Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Cash rec'd for marine and inland premiums 
Deduct re-insurance and return premiums 
Net cash rec'd for marine and inland prems. 
Interest received on mortgages 
Interest and dividends received from all other 

Income from rents 

Profit on gold sold ..... 



0,708 41 
3G,632 50 

$894,075 91 



$8,228 15 

12,430 00 

5,916 17 

196,682 60 

2,466 66 

4,667 91 

8230,391 49 
6,155 31 



224,236 18 

. §669,839 73 
. 250,000 00 



. 6419,839 73 



Gross Cash Income §402,011 41 



§367,809 56 
15,042 00 

S5,414 72 
705 22 



sources 



$352,767 56 



4,709 50 
15,613 S2 
27.1.33 14 

1,637 51 
129 88 



Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses 



§117,664 32 
256 30 



8117,408 02 



* Including $200,000 special reserve fund, held under Xew York " Surplus Law." 



1878.] 



INS. COS. OF OTHER STATES. 



391 



Cash paid for marine and inland losses . 
Deduct salvage and re-insurance 
ISTet cash paid for marine and inland losses 
Cash dividends paid .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidentals . . 

Gross Cash Expenditures . 



1,071 24 
300 58 



$7,770 66 
50,150 00 
63,161 44 
42,924 99 
2,149 76 
43,062 02 



{$326,626 89 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks written during 1878 . 
Deduct risks expired and terminated 



$51,534,491 00 
52,787,834 00 

$104,322,325 00 
52,717,743 00 

$51,604,582 00 
180,043 00 



Premiums. 

$379,323 16 
358,798 37 

$738,121 53 
352,430 90 

$385,690 63 
1,726 14 



$51,424,539 00 $383,964 49 



. $719,700 00 
. 719,700 00 



£4,427 99 
4,427 99 



Miscellaneous. 

Premiums received from organization of company . 

Losses paid from organization of company 

Cash dividends declared from organization of company 

Dividends declared during the year (20 per cent) . 

Fire losses incurred during the year . 

Marine and inland losses incurred during the year . 

Company's stock owned by directors . 



$5,597,228 68 

2,957,697 51 

602,500 00 

50,000 00 

129,442 19 

7,770 66 

99,400 0Q 



392 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



AGGREGATE. 



Capital Stock. 
Outstanding capital actually paid up in cash 



Gross present Assets 



Assets. 



Liabilities. 
Gross present Liabilities 



Income. 
Cash actually received for fire premiums 
for marine and inland premiums 
for interest and dividends from all sources 
from all other sources 

Gross Cash Income . 



Expenditures. 
Cash actually paid during the year for fire losses 
for marine and inland losses 
for dividends to stockholders 
for redemption of scrip .... 
for interest to scripholders .... 
for brokerage and commissions on premiums 
for salaries and pay of officers and employes 
for State and local taxes .... 
. for office, agency, and incidental expenses 

Gross Cash Expenditures .... 



Miscellaneous. 
Whole amount of fire risks written during the year 
premiums charged or receivable thereon . 
marine and inland risks written during the year 
premiums charged or receivable thereon 
fire risks terminated during the year 
marine and inland risks terminated . 
fire risks outstanding at end of year 
marine and inland risks outstanding 
notes received for marine and inland risks 
dividends declared .... 
fire losses incurred .... 
marine losses incurred 



$41,414,090 00 

8114,278,449 00 

832,960,531 00 



$29,659,189 00 

10,729,701 00 

5,503,329 00 

386,086 00 



§46,278,305 00 


1,713,119 00 


7,844,622 00 


5,258,045 00 


2,41S,628 00 


605,194 00 


5,537,670 00 


3,759,400 00 


934,420 00 


22,737 00 



844,293,835 00 



$3,736,517,625 00 

32.717,227 00 

1.217.071,896 00 

12,093,905 00 

3,676.472.811 00 

1.215.658,494 00 

3,963,672,829 00 

149.924.476 00 

• 2,646,662 00 

5.250.265 00 

14,782,079 00 

8, 248,472 00 



UNITED STATES BRANCHES OF 

FOREIGN FIRE 
INSURANCE COMPANIES. 



Detailed Statements of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

Dec. 31, 1878. 



50 



394 



UNITED STATES BRANCHES OF [Dec. 31, 



DETAILED STATEMENT OF ASSETS AND LIABILITIES. 



UNITED STATES BRANCH OF THE BRITISH AMERICA 
ASSURANCE COMPANY, TORONTO, CANADA. 

New England Office, No. 8 Exchange Place, Boston. 
Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $450,000 00 8505,187 50 

Deposit state of Mississippi .... 15,000 00 15,000 00 
Dominion Government bonds .... 50,000 00 50,750 00 



Summary of Assets, Dec 

Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks . 
Salvage on losses paid . . 
Office furniture .... $3,160 00 

Gross Assets 

Deduct special deposits in other States . 

Balance 



Liabilities. 
Losses claimed and reported . 

disputed or resisted 

Total amount of losses .... 
Less re-insurance . \ 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities .... 
Deduct liabilities on special deposits 



5515,000 00 ^570,937 50 

31, 1878. 

8570,937 50 

16,069 95 

33,942 80 

900 00 

47,697 34 

1,898 31 

634 06 



8672,079 96 
301,375 00 



5370,704 96 



S45,652 57 
3,500 00 

$49,152 57 
1,666 00 

§47,486 57 

247,640 21 

6,265 40 

$301,392 18 
50,4S8 04 



Surplus 



250,904 14 
*5119,S00 82 



* Xote. — Since this statement was rendered, this company has increased its deposits in 
hands of trustees in this country in the sum of $98,133. 



1878.] FOREIGN FIRE INSURANCE COS. 



395 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Cash received for marine and inland premiums, 

Deduct re-insurance and return premiums 

Net cash received for marine and inl'd prems. 

Unpaid premium notes received 

during the year . . . . $1,898 31 
Interest and dividends received from all sources 



$488,972 71 
57,366 95 

$17,296 51 
2,805 36 



$431,605 76 



14,491 15 



22,353 08 



Gross Cash Income $468,449 99 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses . 
for commissions and brokerage 
for salaries of officers and employes 
for State and local taxes . 
for incidental expenses . 

Gross Cash Expenditures . 



$270,124 48 
5,764 81 



$264,359 67 

3,162 43 

96,379 46 

4,500 00 

12,992 47 

65,263 25 

$446,657 28 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year 



$35,759,431 00 
48,726,132 00 

$84,485,563 00 
43,229,660 00 

$41,255,903 00 
410,785 00 



Premiums. 

$426,409 37 
458,965 62 



5,374 99 
407,573 21 

$477,801 78 
5,263 79 



$40,845,118 00 $472,537 99 



$179,850 00 
2,904,953 00 

$3,084,803 00 
2,889,353 00 



3,384 42 
16,256 91 

$19,641 33 
16,035 04 



$195,450 00 $3,606 29 



396 



UNITED STATES BRANCHES OF [Dec. 31, 



UNITED STATES BRANCH OF THE COMMERCIAL UNION 

ASSURANCE COMPANY, LONDON, ENGLAND. 

Resident Manager, Alfred Pell. 

Office, No. 37 Wall Street, New York. 

Summary of Assets, Dec. 31, 1878. 



United States bonds . 

Cash in the office of the company . 

deposited in various banks 
Premiums in course of collection (gross) 

Gross Assets 

Deduct special deposits in ojther States . 



81,277,996 00 
1,712 73 
79,016 89 
135,320 43 



-§1,494,046 05 
. 235,687 50 



Balance 



81,258,358 55 



Liabilities. 



Losses adjusted, unpaid . 

claimed and reported . 
disputed or resisted 

Total amount of losses . 

Less re-insurance .... 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 
Unpaid drafts .... 

Gross Liabilities 
Deduct liabilities on special deposits 



$4,605 18 

36,039 17 

8,690 60 

849,334 95 
1,000 00 

848,334 95 

512,475 81 

19,447 31 

1,135 06 

8581,393 13 
2i,303 80 



560,0S9 33 



Surplus 8698,269 22 



Income. 

Cash received for fire premiums . . '81,060,727 59 
Deduct re-insurance and return premiums, 169,403 49 

Net cash received for fire premiums . . 

Interest and dividends received from all sources 



8S91,324 10 
49,61S 50 



Gross Cash Income 8940,942 60 



Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses 
Cash paid for commissions and brokerage 



8420,879 22 
2,093 14 



841S.7S6 08 
133,683 50 






1878.] FOREIGN FIRE INSURANCE COS. 



397 



Cash paid for salaries of officers and employes 
for State and local taxes . 
for incidentals ..... 

Gross Cash Expenditures . 



. $53,148 41 

15,796 13 

. 55,360 17 

. $676,774 29 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Risks axd Premiums. 

Premiums. 

$72,175,464 00 $874,912 31 
123,467,091 74 1,090,940 79 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$195,612,555 74 $1,965,853 10 
49,780,104 82 935,792 74 



$100,862,450 92 $1,030,060 36 
2,408,518 18 37,206 81 



$98,453,932 74 $992,853 55 



UNITED STATES BRANCH OF THE GUARDIAN FIRE AND 
LIFE ASSURANCE COMPANY, LONDON, ENGLAND. 

H. E. Bowers, Manager. 

Office, No. 60 Wall Street, New York. 



Summary of Assets, Dec 
United States bonds 
Cash deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 

Gross Assets .... 
Deduct special deposits in other States 



Balance $751,770 01 



31, 1878. 

$798,156 25 
56,078 23 
10,000 00 
21,129 28 



$885,363 76 
133,593 75 



Liabilities. 
Losses claimed and reported . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. 
State and local taxes 
Commissions and brokerage . 
Return premiums .... 

Gross Liabilities 
Deduct liabilities on special deposits 



$7,637 23 

96,528 63 

823 61 

1,199 06 

3,175 41 

1,245 76 

$110,609 70 
8,996 65 



$101,613 05 



Surplus $650,156 96 



398 UNITED STATES BRANCHES OF [Dec. 31, 

Income. 
Cash received for fire premiums . . . $202,423 08 

Deduct re-insurance and return premiums . 49,721 21 

Net cash received for fire premiums . . 6152,701 87 

Interest and dividends received from all sources . . . 37,389 10 



Gross Cash Income §190,090 97 

Expenditures. 

Cash paid for fire losses $58,401 19 

for salaries of officers and employes . . . 23,342 99 

for State and local taxes 5.448 78 

for incidental expenses 12,718 78 

Remittance to home office .... $32,675 77 



Gross Cash Expenditures 899,911 74 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

818,314,410 87 $147,443 96 
34,118,913 28 204,879 14 



$52,433,324 15 $352,323 10 
31,373,643 26 178,776 57 



821,059,680 89 $173,546 53 
202,762 50 1,936' 00 



$20,856,918 39 $171,610 53 



UNITED STATES BRANCH OF THE HAMBURG-BREMEN FIRE 

INSURANCE COMPANY, HAMBURG, GERMANY. 

Resident Manager, Sophus V. Dorrien. 

Office, No. 178 Broadway, New York. 

Summary of Assets, Dec. 31, 1878. 

United States bonds $702,070 00 

Deposited in various banks .... 40,675 60 
Premiums in course of collection (net) . . 35,508 97 

Gross Assets $778,254 57 

Deduct special deposits in other States 160,500 00 

Balance .......... $617,754 57 

Liabilities. 
Net amount of unpaid losses .... $34,570 00 

Unearned premiums on outstanding risks . 196,023 94 



Gross Liabilities $230,593 94 

Deduct liabilities on special deposits . . 5,979 82 



224,614 12 



Surplus $393,140 45 



1878.] FOREIGN FIRE INSURANCE COS. 



399 



Income. 

Cash received for fire premiums . . . $422,583 68 
Deduct re-insurance and return premiums . 49,055 93 

Net cash received for fire premiums . . $373,527 75 

Interest and dividends received from all sources . . . 30,119 71 



Gross Cash Income $403,647 46 



Expenditures. 



Cash paid for fire losses .... 
for commissions and brokerage 
for salaries of officers and employes 
for State and local taxes . 
for incidentals 



Gross Cash Expenditures . 

Risks and Premiums. 



Marine risk* outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year 
Deduct amount re-insured 

Net amount in force 



$170,069 63 

78,377 14 

16,375 50 

7,661 89 

22,628 90 



2,245,055 00 
44,768,392 00 

$77,013,447 00 
41,295,259 00 

$35,718,188 00 
298,291 00 



$295,113 06 



Premiums. 

$351,051 58 
424,619 45 

$775,671 03 
385,190 60 

$390,480 43 
3,036 31 



$35,419,897 00 $387,444 12 



UNITED STATES BRANCH OF THE HAMBURG-MAGDEBURG 
FIRE INSURANCE COMPANY, HAMBURG, GERMANY. 

Resident Manager, "William F. Heins. 

Office, New York. 

Summary of Assets, Dec 
United States bonds .... 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) 
Gross Assets 



. 31, 1878. 




. $295,395 00 




1,770 02 




20,063 58 




57 32 




2,827 90 






$320,113 82 



400 



UNITED STATES BRANCHES OF [Dec. 31, 



Liabilities. 
Losses claimed and reported . 
Unearned premiums on outstanding risks 
Due and accrued for rent 
Commissions and brokerage . 

Gross Liabilities .... 



Surplus 



§2,500 00 

11,148 20 

150 00 

582 21 



|14,3S0 41 
$305,733 41 



Income. 
Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Interest and dividends received from all sources 



§22,078 01 

2,205 46 



319,872 55 
6,128 90 



Gross Cash Income $26,001 45 



Expenditures. 

Cash paid for fire losses 

for commissions and brokerage 
for salaries of officers and employes 
for State and local taxes . 
for incidentals . 



|35 


69 


3,405 


84 


2,026 


12 


6 


33 


4,698 90 



Gross Cash Expenditures $10,172 88 



Risks and Premiums. 



Fire risks written during 1878 
Deduct risks expired and terminated 

In force at end of year 



Premiums. 

3,750,199 97 $24,905 91 
727,433 60 2.924 67 



22,766 37 $21,981 24 



UNITED STATES BRANCH OF THE IMPERIAL FIRE IN- 
SURANCE COMPANY, LONDON, ENGLAND. 

Resident Manager, Richard D. Alliger. 
Office, No. 33 Pine Street, New York. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $617,300 00 $657,216 00 



Virginia state bonds 
Alabama state bonds 
Tennessee state bonds 
South Carolina state bonds 



86,000 00 
10,000 00 
20,000 00 
20.000 00 



21.500 00 
4.300 00 
6,000 00 
5.000 00 



$753,300 00 $694,016 00 



1878.] FOREIGN FIRE INSURANCE COS. 



401 



Summary of Assets, Dec. 31, 1878. 

Cash value of unencumbered real estate . . $165,500 00 

Stocks, bonds, etc. , as per schedule . . . 694,016 00 

Cash in the office of the company ... 203 00 

deposited in various banks . . . 22,791 00 

Premiums in course of collection (gross) . . 16,527 00 

Gross Assets 

Deduct special deposits in other States ..... 



Balance .......... 

Liabilities. 

Losses adjusted, unpaid ..... 758 00 

claimed and reported .... 13,147 00 

disputed or resisted .... 8,993 00 

Unearned premiums on outstanding risks . 213,568 00 

Commissions and brokerage .... 1,123 00 

Gross Liabilities $237,589 00 

Deduct liabilities on special deposits . . 26,191 00 



$S99,037 00 
238,757 00 

$660,280 00 



211,398 00 



Surplus $448,882 00 



Income. 
Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 

Income from rents ...... 



$449,054 00 
76,553 00 



$372,501 00 

32,628 00 

5,879 00 



Gross Cash Income $411,008 00 






Expenditures. 
Cash paid for fire losses $178,287 00 

Deduct salvage and re-insurance . . . 1,311 00 

Net cash paid for fire losses .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes 

for incidentals .... 

Gross Cash Expenditures 

Risks and Premiums. 
Fire risks outstanding Dec. 31, 1877 . $31,956,348 00 



written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount iu force 
51 



42,613,383 00 

$74,569,731 00 
39,277,060 00 

$35,292,671 00 
5,000 00 



176,976 00 
62,002 00 
25,504 00 
13,464 00 
21,142 00 

$299,088 00 



$390,176 00 
439,701 00 



$829,877 00 
407,290 00 

$422,587 00 
28 00 



$35,287,671 00 $422,559 00 



402 



UNITED STATES BRANCHES OF [Dec. 31, 



UNITED STATES BRANCH OF LA CAISSE GfiXfiRALK DE8 

ASSURANCES, ETC., PARIS, FRANCE. 

Resident Secretary, Julien Le Cesne. 

Office, Western Union Building, New York. 

Summary of Assets, Dec. 31, 1878. 
United States bonds $349,440 00 



Cash deposited in various banks 
Premiums in course of collection (net) . 
Re-insurance due ..... 
Gross Assets 

Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
State and local taxes .... 
Gross Liabilities .... 



Surplus 

Income. 
Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 

Received from home office . $60,000 00 



39,700 00 

59,083 94 

1,266 67 



810,368 47 
8,465 00 
3,602 48 

155,201 09 
1,800 00 



$449,490 61 



$456,292 23 
100,143 06 



179,437 04 
£70,058 57 



$356,149 17 
14,411 05 



Gross Cash Income $370,560 22 



Expenditures. 
Cash paid for fire losses 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidentals . 



$209,712 60 
4,211 94 



Gross Cash Expenditures 

Risks and Premium?. 



Fire risks outstanding Dec. 31, 1877 



written during 1878 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 



Net amount in force 



$20,110,279 00 
35,618,901 00 

$55,729,180 00 
30,987,430 00 

$24,741,750 00 
1,198,202 00 



$205,500 66 

105,734 89 

14.221' 

2.400 00 

12,179 04 

$340,034 77 

Premiums. 

$269,736 43 

456,292 23 

$726 ; 028 66 

409,655 54 

$316,373 12 
17,265 



$23,543,548 00 $299,107 27 



1878.] FOREIGN FIRE INSURANCE COS. 



408 



UNITED STATES BRANCH OF THE LANCASHIRE INSUR- 
ANCE COMPANY, MANCHESTER, ENGLAND. 

Resident Manager, Henry Robertson. 

Office, No. 187 Broadway, New York. 



Summary of Assets, Dec 
United States bonds .... 
Cash deposited in various banks 
Premiums in course of collection (net) 

Gross Assets ..... 
Deduct special deposits in other States . 



Balance 



Liabilities. 

Losses adjusted, unpaid . . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
State and local taxes 

Gross Liabilities .... 
Deduct liabilities on special deposits 



31, 1878. 

$760,750 00 

25,528 38 

40,026 62 



$826,305 00 
185,250 00 

.1641,055 00 



$15,001 41 
29,164 63 
14,492 84 

374,331 99 
3,000 00 

$435,990 87 
21,000 00 



414,990 87 



Surplus $226,064 13 



Income. 
Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Income from all other sources . 



. $760,775 74 
98,781 93 



$661,993 81 
292 38 



Gross Cash Income $662,286 19 

Expenditures. 

Cash paid for fire losses $305,175 41 

for commissions and brokerage .... 99,299 07 

for salaries of officers and employes . . . 86,754 96 

for State and local taxes 15,473 44 



Gross Cash Expenditures 

Risks and Premiums. 



. $506,702 88 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year 



Premiums. 

$19,934,263 00 $541,686 85 
72,347,810 00 760,775 74 



$122,282,073 00 $1,302,462 59 
60,675,016 00 578,796 21 



$61,607,057 00 $723,666 38 



404 



UNITED STATES BRANCHES OF [Dec. 31, 



UNITED STATF.S BRANCH OF THE LIVERPOOL AND LONDON 
AND GLOBE INSURANCE COMPANY, LIVERPOOL, ENG. 

Resident Manager, James E. Pulsford. 

Office, No. J+5 William Street, New York. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds .... $1,605,0000081,726,58750 

New York state bonds 45,000 00 54,000 00 

Richmond city bonds 5,000 00 6,000 00 

Mississippi pay warrants .... 20,000 00 18,000 00 
South Carolina state bonds .... 20,000 00 2,000 00 
Alabama state bonds 10,000 00 4,300 00 



Summary of Assets, Dec 

Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule 
Loans on life policies .... 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) . 
Notes taken for fire risks 
Rents due and accrued .... 
Premiums more than 3 months due, $11,526 43 

Gross Assets ..... 
Deduct special deposits in other States . 



Balance 



Liabilities. 



Losses adjusted, unpaid $226,717 16 

claimed and reported .... 31,440 24 
disputed or resisted .... 52,331 23 

Total amount of losses $310,488 63 

Less re-insurance ...... 1,704 50 

Net amount of unpaid losses .... $308, 7S4 13 
Unearned premiums on outstanding risks . 1,617,151 25 
Reclaimable on perpetual fire policies . . 311,164 60 
Life and annuity reserve fund . . . 113,773 87 

Commissions and brokerage .... 79,632 01 

Gross Liabilities .... $2,430,505 86 
Deduct liabilities on special deposits . . SO, 440 00 



SI ,705,00 00 $1,810,887 50 

31, 1878. 

$520,700 00 

1,216,719 33 

1,810,8S7 50 

3,548 65 

• 6,153 14 

321,994 73 

32,999 06 

339,050 66 

47,582 96 

2,261 04 



$4,301,897 07 
. 206,987 50 



$1,094,909 57 



2,350,065 S6 



Surplus $1,744,843 71 



1878.] FOREIGN FIRE INSURANCE COS. 



405 






Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 

Income from rents ...... 

Deposits received for perpetual 
fire risks . . . $64,511 68 

Gross Cash Income ..... 

Expenditures. 
Cash paid for fire losses .-...$ 
Deduct salvage and re-insurance 
Net cash paid for fire losses .... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidentals .... 

Deposits returned on perpetual 

fire risks . . . $35,838 41 

Gross Cash Expenditures .... 



2,911,205 12 
489,078 63 



-$2,422,126 49 

. 133,809 24 

30,760 57 



$2,586,696 30 



,296,195 76 
29,576 67 



-$1,266,619 09 
. 361,479 99 
. 147,254 67 
50.024 81 
. 130,602 58 



,955,981 14 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Risks and Premiums. 

Premiums. 

$258,061,165 00 $2,911,260 58 
377,192,477 00 2,911,177 37 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Perpetual risks in force . 



$635,253,642 00 $5,822,437 95 
316,826,368 00 2,655,038 12 



$318,427,274 00 $3,167,399 83 
16,772,892 00 98,919 58 



$301,654,382 00 $3,068,480 25 
$9,167,707 00 



UNITED STATES BRANCH OF THE LONDON ASSURANCE 
CORPORATION, LONDON, ENGLAND. 

Resident Manager, B. Lockwood. 

Office, No. 88 Wall Street, New York. 

Summary of Assets, Dec. 31, 1878. 
Loans on mortgage of real estate (first liens), $7,044 51 

United States bonds 995,125 00 

Cash in the office of the company , , . 2,904 98 



406 



UNITED STATES BRANCHES OF [Dec. 31, 



Cash deposited in various banks 
Premiums in course of collection (net) 

Gross Assets .... 
Deduct special deposits in other States 



Balance 



$96,310 99 
21,677 03 



-61,123,062 51 
235,687 50 

7,375 01 



Liabilities. 

Xet amount of unpaid losses .... $18,600 00 

Unearned premiums on outstanding risks . 301,455 91 

Gross Liabilities $320,055 91 

Deduct liabilities on special deposits . . 28,731 50 



>4 41 



Surplus $596,050 60 

Income. 

Cash received for fire premiums . . . $560,649 62 
Deduct re-insurance and return premiums . 81,007 67 

Net cash received for fire premiums . . $479,641 95 

Interest and dividends received from all sources . . . 40,165 18 



Gross Cash Income $519,807 13 



Expenditures. 

Cash paid for fire losses 

Deduct salvage and re-insurance 

Xet cash paid for fire losses .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes 
incidentals ..... 

Remitted to home office . . 1,296 34 

Gross Cash Expenditures .... 



8164,045 55 
1,192 93 



8162,852 62 

23,221 94 
16,6S4 50 
45.121 39 



J,021 52 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year 



Risks and Premiums. 

Premiums. 

850,015,109 00 $467,388 98 
64,520,446 00 479,641 95 



$114,535,555 00 $947,030 93 
54.140,873 00 374,023 27 



$60,394,6S2 00 $573,007 66 



1878.] FOREIGN FIRE INSURANCE COS. 



407 



UNITED STATES BRANCH OF THE NORTHEN ASSURANCE 
COMPANY, LONDON, ENGLAND. 

Resident Manager, Richard D. Alliger. 

Office, No. 33 Pine Street, New York. 

Summary of Assets, Dec. 31, 1878. 

United States bonds $623,559 00 

Cash in the office of the company . . . 203 00 

deposited in various banks . . . 31,621 00 

Premiums in course of collection (gross) . . 16,527 00 

Gross Assets $671,910 00 

Deduct special deposits in other States ..... 213,374 00 

Balance $458,536 00 



Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities .... 
Deduct liabilities on special deposits 



$758 00 

11,474 00 

3,000 00 

209,730 00 

1,123 00 

$226,085 00 
25,627 00 



200,458 00 



Surplus $258,078 00 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 



$448,563 00 
76,428 00 



$372,135 00 
27,584 00 



Gross Cash Income $399,719 00 



Expenditures. 

Cash paid for fire losses . . . . . 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidentals . 



$163,204 00 
540 00 



$162,664 00 
62,921 00 
25,504 00 
13,464 00 
19,991 00 



Gross Cash Expenditures $284,544 00 



408 



UNITED STATES BRANCHES OF [Dec. 31, 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Risks and Premiums. 

Premiums. 

828,230,105 00 8339,830 00 
42,442,883 00 430,724 00 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



!J88 00 8770.503 00 
36,702,224 00 372,954 00 



$33,970,764 00 §403,009 00 
5,000 00 28 00 



§33,905,764 00 $403,581 00 



UNITED STATES BRANCH OF THE NORTH GERMAN FIRE 
INSURANCE COMPANY, HAMBURG, GERMANY. 

Resident Manager, Clemens Kuhl. 

Office, No. 202 Broadway, New York. 

Summary of Assets, Dec. 31, 1878. 

United States bonds 8313,726 25 

Cash in the office of the company . . . 11,7S7 79 

deposited in Metropolitan National Bank, 18,411 03 

Premiums in course of collection (net) . . 13,679 38 

Gross Assets 8357,604 45 

Deduct special deposits in other States ..... 12,570 00 



Balance ...... 

Liabilities. 
Losses adjusted, unpaid .... 

claimed and reported . 
Unearned premiums on outstanding risks 
Gross Liabilities .... 



.034 45 



Surplus 



82,688 93 
14,850 00 
76,027 19 



93,566 12 
1251,468 33 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 



8200,353 65 
32,113 62 



S16S,240 03 
12.415 73 



Gross Cash Income 8180,655 76 



Expenditures. 

Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses 



848,694 16 
86 64 



$48,607 52 



1878.] FOREIGN FIRE INSURANCE COS. 



409 



Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidentals .... 

Gross Cash Expenditures 

Risks and Premiums. 



$30,352 57 

15,197 45 

3,589 63 

15,887 26 

$113,634 43 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year ... 
Deduct amount re-insured 

Net amount in force 



$1,434,236 00 
18,636,332 00 



Premiums. 

813,394 43 

194,325 47 

$207,719 90 

56,593 73 

$151,126 17 

1,922 22 

$13,121,365 00 $149,203 95 



20,070,568 00 
6,771,218 00 

$13,299,350 00 
177,985 00 



UNITED STATES BRANCH OF THE NORTH BRITISH AND 
MERCANTILE INSURANCE COMPANY, LONDON AND 
EDINBURGH, G.B. 

Managers, Charles E. White, Samuel P. Blagden. 

Office, No. 5^ William Street, New York. 



Detailed Statement of 



United States bonds 
Illinois state bonds 
Alabama state bonds 
Virginia state coupon bonds 
Virginia deferred certificates 
South Carolina state funded bonds 
Tennessee state funded bonds 
New York city and county bonds 



Stocks, Bonds, Etc. 

Par value. Market value. 

$1,330,000 00 $1,440,690 00 

15,000 00 15,000 00 

10,000 00 4,400 00 

37,300 00 20,888 00 

18,700 00 1,425 87 

11,500 00 2,875 00 

26,000 00 7,800 00 

49,000 00 53,900 00 



,497,500 00 $1,546,978 87 



Summary of Assets, Dec. 31, 1878. 



Stocks, bonds, etc., as per schedule. 
Cash in the office of the company . 

deposited with Drexel, Morgan, & Co. 
Premiums in course of collection (net) . 
Notes taken for fire risks 

Gross Assets 

Deduct special deposits in other States . 



Balance 



,546,978 87 

122 09 

103,270 83 

129,643 18 

2,848 26 



$1,782,863 23 
253,738 87 

$1,529,124 36 



52 



410 UNITED STATES BRANCHES OF [Dec. 31, 

Liabilities. 



Losses adjusted, unpaid .... 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 

Gross Liabilities .... 
Deduct liabilities on special deposits 



$18,381 34 

55,539 68 

27,091 26 
720,700 04 

8821,712 32 
61,866 74 
$759,845 58 



Surplus 8769,278 78 

Income. 
Cash received for fire premiums . . SI, 285,453 66 
Deduct re-insurance and return premiums . 132,042 47 

Net cash received for fire premiums . . $1,153,411 19 

Interest and dividends received from all sources . . . 77,866 78 
Income from gold exchange 481 06 



Gross Cash Income $1,231,759 03 

Expenditures. 

Cash paid for fire losses $575,151 48 

for commissions and brokerage .... 155,901 71 

for salaries of officers and employe's . . . 82,287 03 

for State and local taxes . . . . . . 29,841 44 

for incidentals 79,644 15 



Gross Cash Expenditures $922,825 81 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1877 . $119,898,523 0081,380,660 14 
written during 1878 . . 123,007,669 00 1,153,411 19 



Total $242,906,192 00 $2,534,071 33 

Deduct risks expired and terminated . 113,519,791 00 1,128,998 76 



In force at end of year . . . $129,386,401 00 $1,105,072 57 



UNITED STATES BRANCH OF THE QUEEN INSURANCE 
COMPANY, LIVERPOOL, ENGLAND. 

Resident Manager, William H. Ross. 

Office, No. 87 Wall Street, New York. 

Summary of Assets, Dec. 31, 1878. 

Cash value of unencumbered real estate . . $292,042 46 

United States bonds 1,225,800 00 

Cash deposited in various banks . . . 91,740 53 



1878.] FOREIGN FIRE INSURANCE COS. 



411 



Premiums in course of collection (net) 

Rents 

Gross Assets .... 
Deduct special deposits in other States 



Balance 



$22,456 14 
2,752 00 



-$1,634,791 13 
. 241,500 00 

$1,393,291 13 



Liabilities. 

Losses claimed and reported .... $70,853 96 

disputed or resisted .... 13,176 00 

Unearned premiums on outstanding risks . 535,079 39 

Gross Liabilities $619,109 35 

Deduct liabilities on special deposits . . 40,000 00 



579,109 35 



Surplus $814,181 78 

Income. 



Cash received for fire premiums . . $1,038,419 42 
Deduct re-insurance and return premiums . 130,816 20 

Net cash received for fire premiums . . 

Interest and dividends received from all sources 

Income from rents ......... 



$907,603 22 

61,558 92 

6,816 56 



Gross Cash Income $975,978 70 

Expenditures. 
Cash paid for fire losses .... 



Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidentals 

Gross Cash Expenditures . 

Risks and Premiums. 



$491,664 74 
10,347 91 



Fire risks outstanding Dec. 31, 1877 



written during 1878 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$74,941,825 00 

116,710,393 00 1,044,534 09 



$481,316 83 

161,285 87 

42,919 90 

20,865 15 

50,834 63 

$757,222 38 



Premiums. 

$954,307 68 



$191,652,218 00 $1,998,841 77 
98,709,081 00 965,919 80 



)2,943,137 00 $1,032,921 97 
312,143 00 4,664 78 



$92,630,994 00 $1,028,257 19 



412 



UNITED STATES BRANCHES OF [Dec. 31, 



UNITED STATES BRANCH OF THE ROYAL INSURANCE COM- 
PANY, LIVERPOOL, ENGLAND. 

Managers of New England Branch, Fosteu & Scull. 
Office, No. 53 Devonshire Street, Boston. 

Summary of Assets, Dec. 31, 1878. 
United States bonds .... $2,309,559 37 

Cash in the office of the company . . . 1,819 S3 

deposited in various banks . . . 211,541 23 
Interest due and accrued. .... 48,750 00 
Premiums iu course of collection (gross) . . 156,220 55 
Notes taken for fire risks .... 600 00 

Premiums more than 3 months due, 81,874 S2 

Gross Assets ..... 
Deduct special deposits in other States . 

Balance ...... 

Liabilities. 

Losses adjusted, unpaid . 

claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies 
Life and annuity reserve fund 
Due and accrued for rent, salaries, etc. 
Commissions and brokerage . 



00 98 
. 2S 



Gross Liabilities 
Deduct liabilities on special deposits 

Surplus . 



|6,0S4 76 
.119,90 

14,726 S3 

1.152.531 75 

18,056 51 

119,812 50 

1,294 40 
37,428 51 

$1,469,244 54 
. 133.011 59 



- 1.336.232 95 
$1,112,029 90 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 

Income from rents ...... 

Deposits received for perpetual fire 

risks 81,494 70 

Gross Cash Income 



§1,855.960 29 
, 233,231 34 



41,622,728 95 

10S.555 71 
444 SO 



^1,729 46 



Expenditures. 

Cash paid for fire losses ..... $774,392 62 

Deduct salvage and re-insurance . . . ^.302 63 

Net cash paid for fire losses .... 



$726,089 99 



1878.] FOREIGN FIRE INSURANCE COS. 



413 



Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes . 

for incidentals .... 

Deposits returned on perpetual fire 
risks $532 50 

Gross Cash Expenditures .... 

Risks and Premiums. 



$299,528 44 

108,338 52 

38,093 02 

73,966 16 



$1,246,016 13 



Fire risks outstanding Dec. 31, 1877 
written during 1S78 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force . 

Perpetual risks in force . 



Premiums. 

$182,767,432 84 $2,250,719 14 
201,835,321 19 1,783,526 45 



$381,602,754 03 $4,034,245 59 
171,438,212 66 1,768,590 28 



$213,164,541 37 $2,265,655 31 
10,473,058 17 87,069 98 



$202,691,483 20 $2,178,585 33 
$620,703 00 



UNITED STATES BRANCH OF THE ROYAL CANADIAN 
INSURANCE COMPANY, MONTREAL, CANADA. 

Manager, Charles F. Sise. 

Office, No. % Congress Street, Boston. 

Summary of Assets, Dec. 31, 1878. 



United States bonds 

Cash deposited in various banks 

Interest due and accrued 

Premiums in course of collection (net) 

Notes taken for marine and inland risks 

Gross Assets .... 
Deduct special deposits in other States 



Balance $509,346 92 



$529,000 00 
10,794 89 

8,700 00 
76,738 53 

3,113 50 



$028,346 92 
119,000 00 



Liabilities. 

Losses claimed and reported . 

disputed or resisted 
Unearned premiums on outstanding risks 

Gross Liabilities .... 
Deduct liabilities on special deposits 



$47,758 71 

2,533 00 

232,586 04 

$282,877 75 
23,233 00 



259,644 75 



Surplus $249,702 17 



414 



UNITED STATES BRANCHES OF [Dec. 31, 
Income. 



Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Cash received for marine and inland premiums, 
Deduct re-insurance and return premiums 
Net cash received for marine and inl'd prems. 
Unpaid premium notes received dur- 
ing the year . . . . $3,113 50 
Interest and dividends received from all sources 



$452,945 83 
73,829 35 

18,249 40 
1,270 01 



1379,116 48 

16,979 39 

24,900 00 

Gross Cash Income $420,995 87 

Expenditures. 



Cash paid for fire losses .... 
for marine and inland losses . 
for commissions and brokerage 
for salaries and incidentals 
for State and local taxes . 

Gross Cash Expenditures . 

Risks and Premiums. 



$264,421 57 
12,330 88 
69,973 48 
81,873 24 
11,618 86 

6140,218 03 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 



Premiums. 

$44,593,190 00 $581,896 46 
38,132,939 00 452,945 83 



$82,726,129 00 $1,034,842 29 
46,595,337 00 561,716 46 



$36,130,792 00 $473,125 83 
725,263 00 7,43S 81 



$35,405,529 00 $465,687 02 

. $97,904 00 $5,482 48 
. 2,456,471 00 18,249 40 



$2,554,375 00 $23,731 88 
. 2,418,225 00 18,466 09 



. $136,150 00 $5,265 79 
4,000 00 142 50 



Net amount in force 



$132,150 00 $5,123 29 



1878.] FOREIGN FIRE INSURANCE COS. 



415 



UNITED STATES BRANCH OF THE SCOTTISH COMMERCIAL 

INSURANCE COMPANY, GLASGOW, SCOTLAND. 

Resident Manager, Edgar W. Crowell. 

Office, No. 40 Pine Street, New York. 



Summary of Assets, Dec 

United States bonds .... 
Cash in the office of the company . 

deposited in Mechanics' National Bank 
Premiums in course of collection (gross) . 
Premiums more than 3 months due . $2,401 14 

Gross Assets 

Deduct special deposits in other States . 



Balance $516,243 96 



31, 1878. 

$591,044 13 

1,363 58 

15,189 62 

69,146 63 



$676,743 96 
160,500 00 



Liabilities. 
Losses adjusted, unpaid . 

claimed and reported . 
disputed or resisted 

Total amount of losses . 
Less re-insurance 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. . 
State and local taxes 
Commissions and brokerage . 
Return premiums . 
Re-insurance .... 

Gross Liabilities 
Deduct liabilities on special deposits 



$9,309 25 

41,815 00 

7,000 00 

$58,124 25 
8,463 02 

$49,661 23 

323,187 95 

4,605 24 

969 95 

5,113 20 

2,597 27 

428 03 



$386,562 87 
51,765 20 



334,797 67 



Surplus $181,446 29 



Income. 
Cash received for fire premiums 
Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Interest and dividends received from all sources 
Income from rents ...... 



$596,524 23 
71,362 58 



$525,161 65 

32,032 93 

1,500 00 



Gross Cash Income $558,694 58 



Expenditures. 
Cash paid for fire losses .... 
Deduct salvage and re-insurance 
Net cash paid for fire losses 



$327,449 82 
9,713 50 



$317,736 32 



416 



UNITED STATES BRANCHES OF [Dec. 31, 



Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for rents and incidentals . 

Remittance to home office . . $7,921 31 



$91,984 24 
4S,700 54 
20,414 08 

40,833 74 



Gross Cash Expenditures $519,668 92 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



Premiums. 

$60,600,542 00 $566,140 95 

58,403,201 00 564,135 56 



$119,003,743 00 $1,130,27 
58,599,821 00 496,509 44 



$60,403,922 00 7 07 

1,805,302 00 18,335 00 



$58,598,620 00 $615,382 07 



UNITED STATES BRANCH OF THE TRANSATLANTIC FIRE 
INSURANCE COMPANY, HAMBURG, GERMANY. 

Resident Manager, Henry Honig. 

Office, New York. 

Summary of Assets, Dec. 31, 1878. 



United States bonds .... 
Cash in the office of the company . 

deposited in various banks 
Premiums in course of collection (gross) 
Gross Assets 

Liabilities. 
Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Commissions and brokerage . 

Gross Liabilities .... 



Surplus $226,613 81 



-,925 00 

1,293 54 

13,973 04 

11,258 01 



810.577 34 

77,388 42 

1,920 02 



$325,449 59 



98,835 78 



Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Interest and dividends received from all sources 



8164,334 03 
18,4S3 83 



$145,850 20 
13,147 20 



Gross Cash Income §158,997 40 



1878.] FOREIGN FIRE INSURANCE COS. 



417 



Expenditures. 

Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidentals 

Gross Cash Expenditures . 



$79,179 91 
52 41 



$79,127 50 

25,380 56 

19,133 07 

1,165 02 

10,976 67 

$135,782 82 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Risks and Premiums. 

Premiums. 

$3,697,749 00 $43,158 25 
13,435,031 00 169,308 98 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$17,132,780 00 $212,467 23 
5,694,863 00 62,403 02 



$11,437,917 00 $150,064 21 
33,000 00 202 56 



$11,404,917 00 $149,861 65 



UNITED STATES BRANCH OF THE WESTERN ASSURANCE 
COMPANY, TORONTO, CANADA. 

Office, No. 1 Merchants' 1 Exchange, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds .'.... $456,000 00 $486,390 00 

Georgia state bonds 25,000 00 25,625 00 

Cash deposited in Mississippi .... 15,000 00 15,000 00 



$496,000 00 $527,015 00 



Summary of Assets, Dec. 31, 1878. 



Stocks, bonds, etc., as per schedule 
Cash deposited in various banks 
Premiums in course of collection (gross) . 
Notes taken for marine and inland risks . 
Re-insurance due ..... 
Premiums more than 3 months due, $12,946 69 

Gross Assets 

Deduct special deposits in other States . 



Balance $329,171 14 



$527,015 00 

49,289 75 

47,069 21 

1,931 25 

1,890 93 



$627,196 14 
298,025 00 



Liabilities. 



Losses adjusted and reported 
disputed or resisted 

53 



$25,935 19 
3,450 00 



418 



UNITED STATES BRANCHES OF [Dec. 81, 



Unearned premiums on outstanding risks . $221,523 42 

Commissions and brokerage . . . . 9,413 84 

Gross Liabilities $200,322 45 

Deduct liabilities on special deposits . . 91,879 96 



$168,442 49 



Surplus $160,728 65 

Income. 

Cash received for fire premiums . . . $499,264 85 

Deduct re-insurance and return premiums . 64,517 21 

Net cash received for fire premiums . . $434,747 64 

Cash received for marine and inland premiums, $13,806 96 

Deduct re-insurance and return premiums . 3,261 54 

Net cash received for marine and inland prems. 10,545 42 

Unpaid premium notes received dur- 
ing the year $2,206 25 

Interest and dividends received from all sources . . . 18,105 20 

Gross Cash Income $463,398 26 

Expenditures. 
Cash paid for fire losses $225,508 25 

Deduct salvage and re-insurance . . . 16,87S 36 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash paid for commissions and brokerage 

for salaries and incidentals 

for State and local taxes 

Gross Cash Expenditures . 

Risks and Premiums. 



$7,983 60 
3,269 74 



$208,629 89 



4.713 86 
89,734 13 
42,850 55 
14,135 04 

$360,063 47 



Fire risks outstanding Dec. 31, 1877 



written during 1878 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1877 
written during 1878 

Total 

Deduct risks expired and terminated 



In force at end of year 



Premiums. 

8445,326 60 
505,237 76 



$34,849,817 00 
54,245,126 00 

$S9,094,943 00 
46,116,239 00 

$42,978,704 00 
453,348 00 

$42,525,356 00 $42S,77S 75 



$950,564 36 
513, 6S5 99 



8436. 87S 37 
8,099 62 



$105,750 00 
574,268 00 

$680,018 00 
614,76S 00 



$3,259 25 
16,013 11 

$19,272 36 
15,854 11 



$65,250 00 $3,418 25 



1878.] FOREIGN FIRE INSURANCE COS. 



419 



AGGREGATE. 



Gross present Assets* 



Gross present Liabilities f 



Income. 
Net cash received for fire premiums . 
t for marine premiums 
Unpaid premium notes .... $7,217 00 
Interest received from all sources 
Income from all other sources 

Total Income .... 



Expenditures. 
Net cash paid for fire losses 

for marine losses . 
Cash paid for commissions and brokerage . 

for salaries of officers and employe's 
for State and local taxes 
for all other items 

Total Expenditures .... 



Risks and Premiums. 

Fire risks written during the year 

Premiums thereon 

Marine risks written during the year 

Premiums thereon 

Fire risks terminated . 

Marine risks terminated 

Fire risks outstanding at end of year 

Marine risks outstanding at end of year 



$17,906,274 00 
8,429,749 00 



11,870,439 00 
42,015 00 

742,789 00 
46,175 00 



$12,701,418 00 



5,892,522 00 

20,207 00 

2,001,364 00 

863,153 00 

293,337 00 

661,8:19 00 



1,732,432 00 



1,513,972,641 00 

13,556,048 00 

5,935,692 00 

50,519 00 

1,297,459,635 00 

5,922,316 00 

1,300,816,401 00 

392,850 00 



* Immediately available for the payment of losses in this State. 

t Not including liabilities in States wherein special deposits have been made. 



FOEEIGN FIRE 
INSURANCE COMPANIES. 



Detailed Statements of Assets and Liabilities of Canadian 

Companies for the Year ending Dec. 31, 1878, and 

of the European Companies for the Year 

ending Dec. 31, 1877, with Abstract 

of Annual Statements. 



422 



FOREIGN FIRE 



[Dec. 31, 



BRITISH AMERICA ASSURANCE COMPANY, TORONTO, 

CANADA- 

[Incorporated 1833. Commenced bueiness 1833.] 

Paid-up Capital, $500,000. 

P. Paterson, Governor. Manager, F. A. Ball. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $450,000 00 -7 50 

Dominion Government bonds .... 50,000 00 50,750 00 

Toronto city debentures 24,000 00 23,760 00 

Hamilton city debentures .... 6,540 00 5,832 00 

Sarnia town debentures 5,000 00 4,875 00 

Yorkville village debentures .... 1.00000 000 

Pt. Perry village debentures .... 11,00000 9,90000 

Middlesex , county debentures . . . . 20,000 00 20,200 00 

West Gwillimbury county debentures . . 820 00 7 7» 00 

Canadian Bank of Commerce stock . . 24,000 00 24,480 00 

Dominion Bank stock 10,000 00 11.500 00 

Ontario Bank stock 11,S00 00 8,024 00 

Hamilton Bank stock 3.500 00 3,430 00 

Federal Bank stock 4.200 00 4,200 00 

Toronto Bank stock 10,000 00 11,900 00 

Canada Permanent Loan and Savings Co. . 19,500 00 34,027 50 

Imperial Loan and Investment Company . 5,000 00 5,500 00 

Farmers' Loan and Savings Company . . 1,600 00 1,792 00 

Freehold Loan and Saving Company . . 12,600 00 18,396 00 

Ontario Savings and Investment Society . 5,000 00 6,250 00 

Western Canada Loan and Savings Company . 6,200 00 8,990 00 

Huron and Erie Saving and Loan Society . 40,950 00 54.054 00 

Canada Landed Credit Company . . . »05 00 3,386 50 

Mississippi state deposit 15,000 00 15,000 00 

8740,315 00 §833,213 50 

Summary of Assets, Dec 31, 1S78. 

Cash value of unencumbered real estate . . 8113,063 26 

Loans on mortgage of real estate (first liens) . 22.S63 75 

Interest due or accrued thereon . . . 1.731 S7 

Stocks, bonds, etc., as per schedule . . 833,213 50 

Cash in the office of the company . . . 36,594 04 

deposited in various banks . . . 46,979 64 

Interest due and accrued .... 4.427 93 

Premiums in course of collection (gross) . . 69,667 42 

Notes taken for marine and inland risks . 37,224 S2 

Salvages and rents . . . . . . 4.52S 13 

Office furniture .... §5,654 64 

Gross Assets 81,170,294 36 



1878.] 



INSURANCE COMPANIES. 



423 



Liabilities. 

Losses claimed and reported .... $74,980 86 

disputed or resisted .... 3,500 00 

Total amount of losses $78,480 86 

Less re-insurance ...... 9,216 00 

Net amount of unpaid losses .... $69,264 86 

Unearned premiums on outstanding risks . 383,903 21 

Dividends to stockholders, unpaid . . . 26,512 57 

Commissions and brokerage .... 11,442 10 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



Surplus over Capital 

Income 

Cash received for fire premiums 

Deduct re-insurance and return premiums 

Net cash received for fire premiums 

Cash received for marine and inland premiums, 

Deduct re-insurance and return premiums 

Net cash received for marine and inl'd prems. 

Unpaid premium notes received 

during the year . . . $37,224 82 
Interest received on bonds and mortgages 
Interest and dividends received from all other sources 
Income from rents ....... 

Received for increased capital . $1,910 00 



$491,122 74 

. $679,171 62 
. 500,000 00 

. $179,171 62 



$691,547 14 
79,587 92 

$88,298 01 
14,981 07 



$611,959 22 



73,316 94 



2,365 05 

45,311 33 

9,138 09 



Gross Cash Income $742,090 63 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

Cash paid for marine and inland losses 

Deduct salvage and re-insurance 

Net cash paid for marine and inland losses 

Cash dividends paid .... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 
for incidentals 



$347,887 29 
9,956 49 



$51,662 57 
2,970 49 



$337,930 80 



48,692 08 
49,724 53 
128,291 21 
30,3S3 46 
13,219 48 
66,784 83 



Gross Cash Expenditures . 



$675,026 39 



424 



FOREIGN FIRE 



[Dec. 31, 



Fire risks outstanding Dec. 31, 1877 
written during 1878 



Risks and Premiums. 

Premiums. 

$54,834,562 00 $627,402 00 
75,203,636 00 667,948 60 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1877 
written during 1878 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$130,038,198 0031,295,350 69 
64,163,693 00 589,045 71 



$65,874,505 00 $706,301 05 
1,502,811 00 20,147 59 



$64,371,694 00 $686,157 36 

$569,416 00 $30,404 61 
7,859,636 00 85,978 82 



^8,429,052 00 $116,383 43 
7,847,422 00 83,687 73 



$581,630 00 $32,695 70 
20,625 00 1,560 62 



$561,005 00 $31,135 08 



COMMERCIAL UNION ASSURANCE COMPANY. LONDON, 

ENGLAND. 

[Incorporated Sept. 28, 1861. Commenced business Oct. 1, 1861.] 

Paid-up Capital, 31,250,000. 

Alexander Sim, Chairman. Secretary, S. Stanley Brown. 

Office, Nos. 19-20 Cornhill, London. 

Detailed Statement of Stocks, Bonds. Etc. 

Par value. Cost value. 

Consols $50,000 00 $46,357 36 

New 3 per cents 200,000 00 183,214 16 

Reduced 3 per cents 100,000 00 92.537 50 

Canada Dominion loan 50,000 00 45,000 00 

Canada Dominion stock . . . . 52.000 00 50,150 00 

India government paper .... 5,000 00 4,875 00 

United States bonds 925,000 00 960,748 29 

Brazilian government stock . . . . 10,000 00 8,269 92 

Belgian rentes 67,800 00 50,077 86 

Swedish loan, 1876 50,000 00 48,144 16 

French treasury bonds 101,000 00 100,937 02 

Scinde, Delhi, and Punjaub Railway . . S5,000 00 S6,570 43 

Great Indian Peninsular Railway . . . 25,000 00 29.385 79 

Pennsylvania consolidated R.R. mort. bonds, 25,000 00 22.500 00 

Philadelphia and Reading Railroad bonds 26,160 00 19.7S2 29 



1878.] 



INSURANCE COMPANIES. 



425 



Philadelphia and Erie Railroad bonds . 
Pittsburg and Connesville Railroad bonds 
Alleghany Valley .Railroad bonds . 
Paris, Lyons, and Mediterranean R.R. bonds 
Trust and Loan Co. of Canada debentures 
Odessa water works bonds 
City of Wellington debenture bonds 
New Zealand Loan Company bonds 
Sheffield corporation debentures . 
Kew and other bridges bonds 
London and North- Western ordinary stock 
London and North- Western preferred stock 
North-Eastern consols .... 
North-Eastern preferred stock 
Manchester, Sheffield, and Lincoln R.R. stock 
North British consolidated preferred stock 
Great Northern preferred stock 
Southwark and Vauxhall Water Co. shares 
Gas Light and Coke Company stock 
Canada Dominion loan . 
Cauada Dominion stock 
India government 4 per cent paper 
United States new funded loan, 4£s 
French treasury bonds .... 
Swedish loan, 1876 .... 
Great Indian Peninsular Railway stock 
Montreal city bonds .... 
Pennsylvania consolidated S. F. mort. bonds 
Philadelphia and Reading Railroad bonds 
Philadelphia and Erie Railroad bonds . 
Pittsburg and Connesville mortgage bonds 
Alleghany Valley Railroad bonds . 
Trust and Loan Co. of Canada debentures 
Odessa water works debentures 
Nord de France Railroad obligations 
New Zealand Loan Company debentures 
Corporation of Sheffield debentures 
Manchester, Sheffield, and Lincoln pref. stock 
North British Railway preferred stock . 
London and North- Western R.R. ord. stock 
North Easton consols .... 
North Easton preference, 1876 
Southwark and Vauxhall Water Co. shares 
Gas Light and Coke Company A stock 
London and North- Western preferred stock 
Kew and other bridges .... 
Law life policy ..... 



$15,000 00 
7,000 00 
15,000 00 
80,000 00 
25,000 00 
25,000 00 
125,000 00 
100,000 00 
75,000 00 
73,304 39 
25,000 00 
7,500 00 
75,000 00 
10,725 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
14,225 00 
40,000 00 
103,092 84 
144,560 00 
70,000 00 
50,000 00 
50,000 00 
25,000 00 
50,000 00 
25,000 00 
27,250 00 
15,000 00 
33,000 00 
15,000 00 
25,000 00 
25,000 00 
80,000 00 
50,000 00 
75,000 00 
50,000 00 
50,000 00 
25,000 00 
25,000 00 
4,200 00 
50,000 00 
14,200 00 
7,500 00 
73,304 39 
4,941 76 



813,612 51 

6,768 86 

14,151 25 

53,215 33 

25,000 00 

25,000 00 

127,531 25 

100,000 00 

75,000 00 

73,304 39 

36,682 90 

9,000 00 

118,345 69 

10,725 00 

56,670 40 

54,418 98 

70,102 46 

50,000 00 

30,547 22 

36,162 50 

103,092 84 

147,447 72 

72,462 51 

50,000 00 

48,144 16 

29,385 77 

46,250 00 

22,500 00 

17,497 29 

13,612 50 

33,000 00 

14,151 25 

25,000 00 

25,000 00 

52,700 00 

50,000 00 

75,000 00 

56,670 39 

60,850 75 

36,682 90 

38,355 60 

4,200 00 

50,000 00 

27,553 75 

9,000 00 

73,304 39 

4,941 76 



$3,851,763 38 $3,921,592 10 



54 



426 



FOREIGN FIRE 



[Dec. 31, 



Securities held as collateral for cash loans 

Market value. 

Orel Vitebsk Railway bonds .... 815,000 00 
Potsdam water works bonds .... 125,000 X)0 
Loaned on mortgage of leasehold 

on personal security . 

on life policies assigned 



Loaned thereon. 

-.000 00 

125,000 00 

903,40' 

92,542 92 

79,497 39 

$1,215,441 06 



Summary of Assets, Dec. 31, 1877. 
Cash value of unencumbered real estate . 8595,476 37 

Loans on mortgage of real estate (first liens), 1,207,480 41 



Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans oh collateral security, as per schedule 
Cash in the office of the company . 
deposited in various banks . 
Interest due and accrued 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks 
Re-insurance due . 
Stamps on hand 
Oflice furniture .... 15,238 59 
Gross Assets ...... 



1,688 50 

3,921,592 10 

1,215,441 06 

860 20 

577,100 69 

11,161 58 

869,011 31 

102,323 82 

§37,513 33 I 4Q 569 41 

. 3,056 08 \ 



88,542,708 45 



Liabilities 

Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Life and annuity reserve fund 
Dividends to stockholders, unpaid 
Commissions and brokerage . 

Bills payable $5,611 35 

Fire deposits 175 63 



8559,240 00 

1,561,496 29 

2,871,539 94 

163 12 

16,614 16 



5,786 98 



Gross Liabilities, except Capital 



5,014,840 49 



Surplus as regards Policy-holders $3,527,867 96 

Paid-up Capital 1.250,000 00 

Surplus over Capital 12,277,867 96 

Income. 

Net cash received for fire premiums $2,996,350 04 

for marine premiums 1,06S,594 00 

Interest and dividends received from all sources . . . 210, 122 
Income from all other sources : viz., Transfer fees, §195; 
discount, $120.75; Life Department, $596,566.88 . . 596,882 63 

Gross Cash Income $4,871,949 24 



1878.] 



INSURANCE COMPANIES. 



427 



Expenditures. 
Net cash paid for fire losses .... 

for marine losses 
Cash dividends paid ..... 
Cash paid for commissions and brokerage 
for salaries and taxes . 
for all other items : viz., Life Department, 
$382,764.88; bad debts, $129,924.75; loss on 
exchange, $7,315; donations, $6,269.45 . 

Gross Cash Expenditures . . . 

Risks and Premiums. 



$2,049,006 53 
780,501 47 
187,753 12 
619,079 84 
356,920 25 



526,274 08 
:,519,535 29 



Fire risks outstanding Dec. 31, 1876 
written during 1877 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 

Marine risks outstanding Dec. 31, 1876 
written during 1877 . 

Total 

Deduct risks expired and terminated 

In force at end of year . 



Premiums. 

$587,644,133 00 $2,504,705 22 
839,723,120 00 3,519,662 31 



,427,367,253 00 $6,024,367 53 
671,616,445 00 2,856,671 45 



$755,750,808 00 $3,167,696 08 
90,413,163 00 396,156 15 



$665,337,645 00 $2,771,539 93 

$30,055,720 00 $556,080 00 
133,106,080 00 1,252,190 00 



$163,161,800 00 $1,808,270 00 
125,909,670 00 1,328,730 00 



$37,252,130 00 $479,540 00 



Miscellaneous. 
Premiums received from organization of company 
Losses paid from organization of company . 
Cash dividends declared from organization of company 

Losses incurred during the year 

Company's stock owned by directors .... 



$40,404,096 00 
. 24,620,607 00 
. 1,857,500 00 
. 3,147,541 00 
172,750 00 



GUARDIAN FIRE AND LIFE INSURANCE COMPANY, LONDON, 

ENGLAND. 

[Incorporated Dec. 17, 1821. Commenced "business Dec. 17, 1821.] 

Paid-up Capital, $5,000,000. 

Richard M. Harvey, Chairman. Secretary, Thomas G. C. Br'owne. 

Office, No. 11 Lombard Street, London. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Reduced 3 per cent annuities . . . $171,950 86 $161,633 79 

New 3 per cent annuities .... 478,204 56 449,512 20 



428 



FOREIGN FIRE 



[Dec. 



31, 



Government terminable annuities . 
Canada Dominion bonds 
India 5 per cent debentures . 
India 5£ per cent notes .... 
Metropolitan Board of Works stock 
Bank of England stock .... 
City of London bonds .... 
Great Eastern Railroad stock 
South-Eastern Railroad stock 
South- Western Railroad stock 
Great Western Railroad stock 
Metropolitan Railroad stock . 
London and Brighton Railroad stock 
Manchester and Sheffield Railroad stock 
Great Eastern Railroad stock 
Midland Railroad rent charge stock 
London and Blackwall R R. consol'd stock 
City of Glasgow Union Railroad stock . 
London and St. Katharine Docks Co. deb. st'k 
East Indian Railroad debentures stock . 
East Indian Railroad debentures bonds 
Scinde, Punjaub, and Delhi shares 
Great Eastern Railroad bonds 
Grand Junction water works bonds 
Mersey Docks and Harbor Board bonds 
Land Securities Company bonds . 
London and St. Katharine Docks Co. bonds 
Prince Edward Island bonds . 
South Australian government bonds 
Victoria (Australia) government bonds . 
New South Wales government bonds . 
Cape of Good Hope government bonds . 
Ceylon government bonds 
Canada Dominion stock 
United States bonds 
Darlington Corporation 
Brighton Board of Works 
Lambeth Vestry . 
Middleborough Burial Board 
West Hartlepool Improvem't Commissioners 
Acton parish ...... 

Marylebone bonds 

Trustees for improvement of Margate . 
Trustees of Foundling Hospital 

Securities held as collateral: — 

Madras Railway stock .... 
Great Western Railway preferred stock 



067 82 

445,000 00 

50,000 00 

91,000 00 

158,872 07 

16,199 71 

255,000 00 

125,000 00 

250,000 00 

50,000 00 

225,000 00 

170,000 00 

200,000 00 

250,000 00 

250,000 00 

50,000 00 

50,000 00 

200,000 00 

25,000 00 

125,000 00 

150,000 00 

12,500 00 

150,000 00 

100,000 00 

250,000 00 

275,000 00 

75,000 00 

50,000 00 

132,500 00 

150,000 00 

138,000 00 

185,500 00 

20,000 00 

103,092 84 

700,000 00 

59.704 69 

33,333 33 

29,250 00 

25,666 66 

22,208 33 

2,887 50 

2,500 00 

10,750 00 

22,500 00 



$35,067 82 

473,925 00 

44,025 00 

81,445 00 

150.070 65 

40,985 25 

255,000 00 

146,875 00 

313,750 00 

52,000 00 

233,437 50 

175,100 00 

225,500 00 

281,875 00 

277,500 00 

52,000 00 

54,625 00 

236,000 

.000 00 

136,093 75 

149,437 50 

14,250 00 

150,000 00 

100,000 00 

250,000 00 

275,000 00 

.000 00 

52,500 00 

138,587 50 

149,000 00 

144,780 00 

185,246 25 

21,700 00 

103,092 S4 

741,875 00 

59,704 69 

33,333 33 

29,250 00 

25,666 66 

22.208 33 

2,8-" 

2,500 00 

10,750 00 

22,500 00 



$6,371,688 37 $6,670,290 65 

Market value. Loaned thereon. 

• * 94 ' 220 50 J $194.1 S3 25 
. 110,981 25) 



1878.] 



INSURANCE COMPANIES. 



429 



Life interests and policies assigned 
Annuities and reversions purchased 
Loaned on company's policies 

to London Salvage Corps . 

to New London and Brazilian Bank 



Summary of Assets, Dec 
Cash value of unencumbered real estate 
Loans on mortgage of real estate (first liens) , 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule . 
Cash in the office of the company . 
deposited in various banks . 
Interest due and accrued .... 
Premiums in course of collection (gross) 

Gross Assets 

Liabilities. 

Net amount of unpaid losses . 

Unearned premiums on outstanding risks 
Life and annuity reserve fund 
Dividends to stockholders, unpaid. 
Due and accrued for rent, salaries, etc. . 
Re-insurance premiums due . 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders . 
Paid-up Capital 



$681,488 45 

339,461 06 

176,820 83 

3,000 00 

5,100 00 

$1,400,052 59 



, 31, 1877. 

$159,825 00 

5,649,315 35 

89,613 92 

6,670,290 65 

1,400,052 59 

1,726 96 

375,829 98 

108,162 71 

240,669 56 



-$14',695,486 72 



$72,790 00 

480,000 00 

7,356,827 62 

22,411 63 

13,208 53 

55,663 12 



Surplus over Capital 

Income. 

Cash received for fire premiums . . $1,341,271 19 
Deduct re-insur., rebate, and return prems. . 206,879 73 

Net cash received for fire premiums . . 

Interest and dividends received from all sources . 
Income from Life Insurance Department .... 
Income from Annuity and Endowment Department . 



8,000,900 90 

6,694,585 82 
5,000,000 00 

$1,694,585 82 



Gross Cash Income 

Expenditures. 
Cash paid for fire losses 

Deduct salvage and re-insurance . 

Net cash paid for fire losses . 

Cash dividends paid 

Cash paid for commissions and brokerage 

for salaries and taxes 

for incidentals 

in Life Department 

Gross Cash Expenditures 



,134,391 46 

354,670 37 

895,625 60 

7,337 40 

!,392,024 83 



,094,565 71 
88,629 58 



$1,005,936 13 

375,000 00 

158,477 80 

143,335 94 

750 06 

1,066,312 25 

$2,749,812 18 



430 



FOREIGN FIRE 



[Dec. 31, 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1876 . 8241,000,000 00 8887,000 00 
written during 1877 . . 446,877,375 00 1,134,390 00 



Total #687 } 877,375 00|2,021,890 00 

Deduct risks expired and terminated . 426,782,975 00 1,079,150 00 



In force at end of year 



. $261,094,400 00 $942,240 00 



Miscellaneous. 

Fire premiums received from organization of company 
Fire losses paid from organization of company 
Cash dividends declared from organization of company 
Fire losses incurred during the year .... 
Company's stock owned by directors .... 



$15,499,155 00 
. 7,923,245 00 

. 9,746,250 00 

. 1,005,936 13 

184,250 00 



HAMBURG-BREMEN FIRE INSURANCE COMPANY, HAM- 
BURG, GERMANY. 

[Incorporated 1854. Commenced business 1855.] 
Paid-up Capital, $323,400. 
Dr. Octavio Schroeder, President. 

Managing Director, Alfred Klauhold. 

Office, No. 15 Rathhausmarkt Street, Hamburg. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

1579,000 00 §610,226 25 

26,950 00 25,602 50 



United States bonds 
German empire bonds 

6 shares German Reichs Bank 
150 " Norddeutsche Bank 
100 " Vereins Bank 
Hamburg government bonds . 
German railroad bonds . 



51 00 
30,318 

2.425 50 

23,931 60 

116,949 52 



41.536 69 

4.325 47 

24. oil 72 

105,162 00 



.426 37 $818,782 19 



Summary of Assets, Dec. 31, 18 
Loans on mortgage of real estate (first liens*), 695,663 84 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
deposited in various banks 
deposited in various branches . 
Premiums in course of collection (net) . 
Prime acceptances ..... 
Gross Assets ..... 



'82 19 

1.7S9 30 

139,817 90 

31,467 32 

61,081 93 

106,928 32 



£1,255.530 80 



* Value of lands mortgaged 
Value of buildings thereon 



HI 10 

:is 07 



1878.] 



INSURANCE COMPANIES. 



431 



Liabilities. 



Losses claimed and reported 
Less re-insurance . 



Net amount of unpaid losses . 
Unearned premiums on outstanding risks 
Dividends to stockholders, unpaid . 
Re- insurance due .... 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 

Surplus over Capital 

Income 

Cash received for fire premiums 

Deduct re-insurance, rebate, and return pr 

Net cash received for fire premiums 

Interest and dividends received from all sources 



$97,124 30 
43,209 12 

$53,915 18 

337,564 84 

67,170 18 

195,372 79 



$654,022 99 

$601,507 81 
323,400 00 

$278,107 81 



. $713,657 29 
ems. 320,570 33 



$393,086 96 
45,701 05 



Gross Cash Income $438,788 01 



Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Cash dividends paid . . . . . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 



Gross Cash Expenditures .... 
Risks and Premiums. 



$407,022 11 
224,354 45 



Fire risks outstanding, Dec. 31, 1876 
written during 1877 

Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



$122,083,503 00 
135,266,281 00 

$257,349,784 00 
130,777,404 00 

$126,572,380 00 
55,447,110 00 



$182,667 66 

67,056 99 

110,162 98 

70,702 25 

5,543 70 

$436,133 58 



Premiums. 

$640,287 58 
713,657 29 



,353,944 87 
690,680 10 



$663,264 77 
320,064 38 



$71,125,270 00 $343,200 39 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Losses incurred during the year . 
Company's stock owned by directors 



$5,321,698 98 
. 2,083,688 69 
. 524,804 90 
. 185,377 84 
. 22,395 45 



432 



FOREIGN FIRE 



[Dec. 31, 



HAMBURG-MAGDEBURG FIRE INSURANCE COMPANY, HAM- 
BURG, GERMANY. 

[Incorporated March 21, 1876. Commenced business April 4, 1876.] 

Paid-up Capital, 8485,812.50 

Fried Knoblanch, President. Manager, Rudolph Gotjj:. 

Detailed Statement of Stocks, Bonds, Etc. 

Berlin-Hamburg Railway preferred stock 

Crown Prince Rudolph Railway pref . stock 

Austrian North- Western Railway pref. stock 

Altona Hill Railway preferred stock 

Lubeck-Buchen Railway preferred stock 

Hamburg state railway loan 

Hamburg state loan of 1875 

Bremen state loan of 1859 

Royal Saxon loan of 1876 

Altona town loan 

Prussian consols 

Rhenish Railway preferred shares 

Imperial German loan of 1877 

Schleswig-Holstein . 

Brasil Apolices Geraes . 



Securities held as collateral for cash loans : — 

100 shares North German Lloyd 
23 " Prussian Credit Bank 
10 " Commerce and Discount Bank 

2 " Krupp's loan .... 
1 share Imperial German Bank . 

21 shares Magdeburg Fire Insurance Co. 
18 " North German Bank 
1 share South American Steam Pacific Co 

3 shares Finland-Prussian loan 
39 

2 

4 
10 

8 
20 

3 



Hamburg- Prussian loan . 
Oldenburg- Prussian loan 
Bavarian-Prussian loan . 
Baden-Prussian loan 
Gotha-Prussian loan 
Kolu-Minden Railway loan 
Brunswick premium loan 
1 share Lubeck premium loan 
5 shares Swedish premium loan 

Hamburg state loan of 1875 . 

Austrian loan .... 

Hungarian loan 

Prussian loan of 1855 



i3, UU.^UD, lilV 

Par value. 


Market value. 


-1,125 00 


|4,1C7 


6,000 00 


1,070 00 


5,900 00 


4,557 00 


25,250 00 


25,376 25 


8,750 00 


8,968 75 


38,925 00 


39,703 50 


93,250 00 


88,680 38 


9,675 00 


9,887 80 


11,000 00 


8,017 50 


10,000 00 


10,087 50 


12,500 00 


12,000 00 


4,650 00 


4,822 05 


3,525 00 


3,391 05 


. • 7,500 00 


7,087 50 


5,000 00 


5,272 51 


$246,050 00 


•5236,089 32 


Market value. 


Loaned thereon. 


$4,290 00" 




3,294 75 




712 50 




318 00 




1,162 50 




9,922 50 




4,488 75 




159 38 




1,380 00 




2,154 75 




67 50 


|47,S25 00 


363 00 




892 50 




2,180 00 




1,650 00 




61 50 




12 '38 




43 75 




6,733 12 




1,120 00 




2,835 87 




1,708 50 J 





1878.] 



INSURANCE COMPANIES. 



433 



Hamburg fire loan of 1842 

Norwegian Hyp. loan .... 

Prussian consols . 

Berlin-Hamburg Kaihvay preferred shares 



Summary of Assets, Dec 
Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Interest due or accrued thereon 
Stocks, bonds, etc., as per schedule 
Loans on collateral security, as per schedule 
Cash in the office of the company . 

deposited in various banks 
Interest due and accrued 
Premiums in course of collection (gross) . 
Notes taken for marine and inland risks . 
Rents due and accrued .... 
Discounted bills 

Instalment notes held by company, $139,187 50 

Premiums more than 3 months due, 11 17 

Gross Assets 



$690 00' 

1,580 25 

2,G00 00 y $47,325 00 

3,S62 50 



$.34,320 00. 

31, 1877. 

$3S,969 55 

223,250 00 

2,225 53 

236,089 32 

47,325 00 

9G 11 

21.78G 05 

3,48L 25 

48,386 27 

5,527 01 

491 25 

11,500 00 



Losses claimed and reported 
Less re-insurance 



Liabilities. 



Net amount of unpaid losses .... 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc. . 
Commissions and brokerage .... 

Drafts running 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital 

Surplus over Capital .... 

Income. 

Cash received for fire premiums 

Deduct re-insurance and return premiums 
Net cash received for fire premiums 
Interest and dividends received from all sources 
Income from rents ...... 



$70,038 00 
14,80G 50 

$55,231 50 

76,140 54 
4,385 78 
1,101 00 

16,100 14 



$587, S22 36 
145,645 74 



Gross Cash Income .... 

Expenditures. 
Cash paid for fire losses .... 

Deduct salvage and re-insurance 

Net cash paid for fire losses 

55 



£226,349 71 
25,696 75 



$G39,130 34 



152,970 96 

$480,159 38 

485,812 50 

$346 88 



$442,176 62 

28,942 61 

297 06 

$471,410 29 



$200,652 96 



434 



FOREIGN FIRE 



[Dec. 81, 



Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 



Gross Cash Expenditures 

Risks and Premiums. 

Fire risks written during 1877 . . $141,716,079 00 

Deduct risks expired and terminated . 76,575,016 00 



In force at end of year . 
Deduct amount re-insured 

Net amount in force . 



(5,141,063 00 

6,175,647 00 



$106,688 94 

27,479 90 

2,649 72 

$337,471 52 



Premiums. 

$587,822 36 
413,660 57 

$174,161 79 
37,876 72 



$58,965,416 00 $136,285 07 



IMPERIAL FIRE INSURANCE COMPANY, LONDON, ENGLAND. 

[Incorporated 1803. Commenced business 1803.] 

Paid-up Capital, $3,500,000. 

George H. Chambers, Chairman. 

General Manager and Secretary, Edward C. Smith. 

Office, No. 1 Old Broad Street, London. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$473,015 00 $447,000 00 
1,097,580 00 1,038,585 00 

250,000 00 236,565 00 



3 per cent consols . 

New 3 per cents 

Reduced 3 per cents 

Canada guaranteed loan 

Bank of England stock 

Blackfriars Bridge bonds 

Holborn Viaduct bonds . 

Metropolitan Cattle Market bonds 

London and St. Katharine Dock Co. debs. 

East and West India Dock Company debs. 

Mersey Docks bond 

London and St. Katharine Dock Co. stock 

Great Eastern Railway debentures 

Great Northern Railway debentures 

London and So. -Western Railway mort. stock 

Glasgow Union Railway preferred stock . 

Great Eastern Railway stock . 

Great Northern Railway stock 

Great Western Railway stock . 

Llynvi and Ogmore Railway stock, guar. 

London, Brighton, and So. Coast R'y stock 

London and North- Western Railway stock 

London and South- Western Railway stock 

Metropolitan Railway stock . 



315,000 00 

100,000 00 
50,000 00 
97,500 00 
35,000 00 
87,500 00 

100,000 00 
75,000 00 
50,000 00 
87,500 00 

282,500 00 
50,000 00 

100,000 00 
75,000 00 
19,675 00 
60,000 00 
70,000 00 
10,000 00 
18,000 00 
5,000 00 
30,000 00 



337,050 00 

255,000 00 
50,190 00 
98,440 00 
35,000 00 
-7.000 00 

101,000 00 
75,000 00 
52,500 00 
88,815 00 

295,205 00 
52,250 00 

121,000 00 
90,500 00 
21.645 00 
73,800 00 
96,600 00 
11,300 00 
18,180 00 
5,650 00 
36,300 00 



1878.] 



INSURANCE COMPANIES. 



435 



Midland Railway stock .... 

North British Railway stock . 

North -Eastern Railway preferred stock . 

East India Railway debentures 

Cape of Good Hope government bonds . 

Mauritius government debentures . 

New South Wales government debentures 

New Zealand consols .... 

Prince Edward Island government bonds 

Queensland government bonds 

South Australian government bonds 

New Zealand government bonds 

General Steam Navigation stock 

Tennessee bonds 

United States bonds 

Virginia state bonds 

Alabama state bonds 

South Carolina state bonds 

Canada inscribed stock . 

Canada Dominion stock . 

Dutch inscriptions . 

States bank notes and redemp. cert. Russia 

States S. F. Com. notes . 

Second Interior loan 

States Treasury Bank note 

Baden stock . 

Bavarian bonds 

Royal Bavarian Railway loan 

Brazilian stock 

30 shares Imperial Fire Ins. Co. $22,500 



$30,000 00 

100,000 00 
70,000 00 
30,000 00 

100,000 00 
10,000 00 
50,000 00 
50,000 00 
25,000 00 
65,000 00 
15,000 00 

150,000 00 
50,000 00 
26,000 00 

776,900 00 

86,000 00 

10,000 00 

20,000 00 

48,667 00 

53,540 00 

41,665 00 

14,925 00 

10,000 00 

50 00 

25 00 

25,000 00 

20,830 00 

1,455 00 

5,500 00 



$33,000 00 

101,000 00 

70,400 00 

30,000 00 

101,000 00 

9,900 00 

50,750 00 

53,250 00 

27,000 00 

72,075 00 

16,650 00 

147,750 00 

53,750 00 

8,807 00 

823,965 00 

26,400 00 

4,000 00 

8,000 00 

53,735 00 

52,850 00 

41,665 00 

15,895 00 

11,190 00 

90 00 

35 00 

21,660 00 

20,640 00 

1,525 00 

5,075 00 



$5,423,827 00 $5,576,632 00 



Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate . 
Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 

deposited in various banks 
Premiums in course of collection (gross) 
Notes taken for marine and inland risks 
Deposit at money brokers 
Miscellaneous ..... 
Gross Assets .... 



$899,161 00 

154,000 00 

5,576,632 00 

1,035 00 

131,175 00 

798,042 00 

63,833 00 

150,000 00 

15,581 00 



-$7,789,459 00 



Liabilities. 

Net amount of unpaid losses .... $802,855 00 

Unearned premiums on outstanding risks . 991,760 00 

Dividends to stockholders, unpaid . . . 9,384 00 



43G 



FOREIGN FIRE 



[Dec. 31, 



Due and accrued for rent, salaries, etc. 
Commissions and brokerage . 
Bills payable not yet due 

Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



810,500 00 

107,505 00 

10,000 00 



81,992,100 00 



" (7.209 00 
. 3,500,000 00 



Surplus over Capital .... 

Income. 
Cash received for fire premiums 
Interest and dividends received from all sources 
Income from sale of investments . 

Gross Cash Income 

Expenditures. 

Cash paid for fire losses 

Cash dividends paid ..... 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . . . 
for incidentals .... 

Bad and doubtful debts 

Gross Cash Expenditures .... 

Risks and Premiums. 



. 82,297,299 00 



83,005,339 00 
. 200,010 00 
. 24,224 00 

83,295,573 00 



82,029,791 00 
420,000 00 
507.113 00 
145.305 00 
15,712 00 
161,447 00 
9,789 00 

83, 349, 1S7 00 



Fire risks outstanding Dec. 31, 1S76 



written during 1877 



Total 

Deduct risks expired and terminated 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



rrcminms. 

8173,997.950 CO 81.378.345 00 
1,092,204,325 00 3.311.470 00 



11,566,202,275 00 84,719,815 00 
976,120,440 00 2,S90,925 00 



1590,081,835 00 §1,S2S,800 00 
94,538,870 00 330,130 00 



8495,542,905 00 §1,492,760 00 



Miscellaneous. 

Premiums received from organization of company 
Losses paid from organization of company 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent) . 

Losses incurred during the year 

Company's stock owned by directors .... 



00 
32,195.240 00 
10,042,000 00 
. 420.000 00 
. 2,029,791 00 
. 5,003,500 00 



1878.] 



INSURANCE COMPANIES. 



437 



LA CAISSE GfiN^RALE DES ASSURANCES AGRICOLES, 

PARIS, FRANCE. 

[Incorporated Dec. 30, 185S. Commenced business Dec. 30, 1858.] 

Paid-up Capital, $1,080,000. 

Charles Le Cesne, Vice-President. Secretary, Charles Labrousse. 

Office, Nos. 28 and 30 Rue de Grammot, Paris. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds 
French government loan . 
Italian government loan . 
Company's bonds redeemed 



Par value. Market value. 

$259,000 00 $288,304 00 

34,100 60 

15,048 27 

9,811 00 



$347,269 87 



Summary of Assets, Dec. 31, 1877. 

Stocks, bonds, etc., as per schedule . . $317,269 87 

Cash in the office of the company . . . 910 25 

deposited in bank 40,406 63 

deposited in agencies .... 16,327 36 

Interest due and accrued . . . . 11,514 33 

Premiums in course of collection (net) . . 285,480 29 

Notes taken for marine and inland risks . . 10,655 26 

Rents discounted 4,524 GQ 

Government tax stamps 12,745 07 

Advanced on judgments ..... 5,663 S5 
Deferred premiums on policies 
of various periods, but not ex- 
ceeding 10 years, called the 
company's portfolio . . $4,085,834 48 
Less amount re-insured . . 762,695 91 



Commissions due from re-insuring companies 
on the above (25 per cent) .... 

Annual proportion of recuperated commissions 
on cancellations 

Due from other companies for re-insurance 

Suspense account ...... 

Office furniture and supplies . $13,114 96 
Gross Assets . . . . 



3,323,138 57 
190,673 97 

247,519 61 

108,732 63 

17,618 71 



-$4,623,187 06 



Liabilities. 



Losses adjusted, unpaid . 

claimed and reported 

Total amount of losses . 
Less re-insurance . 

Net amount of unpaid losses 



$52,2S8 94 
151,868 90 

$204,157 84 
64,179 43 

$139,978 41 



438 



FOREIGN FIRE 



[Dec. 31, 



Unearned premiums on outstanding risks 
Unpaid scrip ordered to be redeemed 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital ..... 



.62,120,990 72 
. 247,350 00 



-82,508,319 13 

1 1,867 93 
. 1,680,000 00 



Surplus over Capital 



. $434,867 93 



Income. 

Cash received for fire premiums . . $1,346,321 96 
Deduct re-insurance, rebate, and return prems. 268,054 87 

Net cash received for fire premiums . . 81,078,267 09 

Interest and dividends received from all sources . . . 18,867 94 



Gross Cash Income 

Expenditures. 

Cash paid for fire losses . 

Deduct salvage and re-insurance 

Net cash paid for fire losses . 

Interest paid scripholders 

Cash paid for redemption of scrip 

for commissions and brokerage 
for salaries of officers and employes 
for State and local taxes 



81,097,135 03 



$712,051 70 
124,297 84 



Gross Cash Expenditures . 

Risks and Premiums. 



$587,753 86 

I 18,225 00 

309,635 96 
91,117 82 
23,586 18 

$1,030,318 S2 



Fire risks outstanding Dec. 31, 1876, 
written during 1877 . 

Total 

Deduct risks expired and terminated, 

In force at end of year 
Deduct amount re-insured . 

Net amount in force . 



$3,956,262,267 00 
2,019,109,453 00 

$5,975,371,720 00 
1,698,743,821 00 

$4,276,627,899 00 
440,455,155 00 



Premiums. 

$3,596,602 27 
1,835,554 17 

85,432,156 44 
1,346.321 96 

84,085,834 48 
762.695 91 



83,836,172,744 00 $3,323,13S 57 



Miscellaneous. 
Losses paid from organization of company 
Losses incurred during the year 



84,673,985 39 
712,051 68 



1878.] 



INSURANCE COMPANIES. 



439 



LANCASHIRE INSURANCE COMPANY, MANCHESTER, ENG- 
LAND. 

[Incorporated June, 1852. Commenced business June, 1852.] 

Paid-up Capital, $1,000,000. 

Nath'l Shelmerdine, Chairman. General Manager, Geo. Stewart. 

Office, Manchester, England. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Birmingham Wagon Company's bonds . . $10,000 00 

Bolckow, Vaughn, & Co. 's bonds . . . 100,000 00 

Mersey Docks Board bonds .... 104,825 00 

Ebbe Vale Coal and Iron Company's bonds . 250,000 00 [ $705,210 64 

Charles Cammell & Co. 's bonds . . . 90,385 64 

John Brown & Co. 's bonds .... 50,00000 

Inman Steamship Company's bonds . . 100,000 00 

London and North- Western Railway stock . 100,000 00 110,000 00 

Midland Railway stock 50,000 00 52,500 00 

Cambrian Railway debenture stock . . 54,390 00 54,390 00 

United States bonds 675,000 00 704,673 54 

Canadian bonds 200,000 00 209,024 90 

Russian bonds 100,000 00 95,669 36 



$1,884,600 64$1,931,468 44 



Securities held as collateral for cash loans : — 

Cambrian Railway stock .... 

Loaned on personal security .... 
Loaned on company's life policies . 



Market value. 

$2,250 00 



Loaned thereon. 

$6,000 00 

7,887 04 

91,232 68 



$105,119 72 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate . .$231,633 50 
Loans on mortgage of real estate (first liens), 1,582,902 16 
Interest due or accrued thereon . . . 16,454 52 
Stocks, bonds, etc., as per schedule . 1,931,468 44 
Loans on collateral security, as per schedule . 105,119 72 
Cash deposited in various banks . . . 215,430 50 
Interest due and accrued .... 28,599 56 
Premiums in course of collection . . . 384,347 18 
Notes taken for fire risks .... 5,144 90 
Gross Assets 

Liabilities. 

Losses claimed and reported . . . .$305,573 36 
Unearned premiums on outstanding risks . 691,949 42 
Life and annuity reserve fund . . 1,747,597 72 



,501,100 48 



440 



FOREIGN FIRE 



[Dec. 31, 



Dividends to stockholders, unpaid . 
Gross Liabilities, except Capital 

Surplus as regards Policy-holders 
Paid-up Capital .... 



$108,039 86 



82,853,700 30 



51,017,310 12 
1,000,000 00 



Surplus over Capital 



Income. 
Cash received for fire premiums . . $1,979,779 41 
Deduct re-insurance, rebate, and return prems. 249,905 88 

Net cash received for fire premiums . . 

Interest and dividends received from all sources . 



$847,340 12 



Gross Cash Income 



Expenditures. 



Cash paid for lire losses 

Cash dividends paid . 

Cash paid for commissions and brokerage 

for salaries of officers and employes 
for State and local taxes . 

Gross Cash Expenditures . . . . 



Miscellaneous. 
Premiums received from organization of company . 
Losses paid from organization of company 
Cash dividends declared from organization of company 
Dividends declared during the year (15 per cent) . 
Losses incurred during the year ..... 
Company's stock owned by directors . ... 



81,729,873 53 
102,709 86 



$1,832,043 39 



$1,270,773 S2 

150,000 00 

223,999 04 

171,487 38 

15,511 00 



,831,801 24 



613.831,010 00 
8,572,809 00 
1.713,135 00 

150,000 00 
1,270,773 00 

110,950 00 



LIVERPOOL AND LONDON AND GLOBE INSURANCE COM- 
PANY, LIVERPOOL, ENGLAND. 

[Incorporated May, 1836. Commenced business June, 1S36.] 

Paid-up Capital, $1,228,200. 

Hamilton B. Gilmour, Chairman. Secretary, John M. Dove. 

Office, No. 1 Dale Street. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. 

London and No.-"West'n perp'l pref'ce 5s st'k, 811,500 00 

South-Eastern preferred stock . . . 403,000 00 

" 4£s consolidated pref'ce stock . 25,000 00 

" 5s consolidated pref'ce stock . 55,000 00 

44 ordinary consolidated stock . 40,350 00 



Market value. 

114,317 50 

556, 90S 00 
27.125 00 
65,725 00 
13,315 50 



1878.] 



INSUKANCE COMPANIES. 



441 



Midland preference stock, 5s . 
North-Eastern Darlington stock, 6s 
" preference stock, 5s . 

" Hartlepool capital stock . 

Great Western consolidated pref 'ce stock, 5s 
" Ely Valley rent charge stock 

" Llynvi and Ogmore stock 

North British consol. pref 'ce stock, No. 2, 4s 
" consolidated pref ce stock, 4|s 

1 ' Edinburgh and Glasgow stock 

London and So. -Western preference stock, 5s 
Furness preference stock, 6s . 
11 preference stock, 8s . 
" redeemable stock, 5s . 
Great Eastern preference stock, 4|s 
" preference stock, 5s 

" preference stock, 5s 

" preference stock, 6s 

" Waverly Valley, 5s 

" Waverly Valley, 4 ^s 

Great Northern permanent pref ce stock, 4^s 
Great Northern preference stock, 4}s 
Brecon and Merthyr A debenture stock, 5s 
Potteries, Shrewsbury, and N. Wales A deb., 5s 
Mold and Denbigh perpetual B deb. stock 
North Staffordshire preference stock, 5s . 
North Staffordshire preference stock, 4^s 
Manchester, Sheffield, and Lincoln preference 

stock, 4^s . 
Manchester, Sheffield, and Lincoln redeemable 

preference stock, 5s 
Manchester, Sheffield, and Lincoln convertible 

preference stock, 5s 
Manchester, Sheffield, and Lincoln convertibl 

preference stock, 5s ... . 
Manchester, Sheffield, and Lincolnshire prefer 

ence stock, 5s 

Metropolitan irredeemable preference stock, 5s 
Metropolitan perpetual preference stock, 5s 
Lancashire and Yorkshire preference stock, 5s 
Lancashire and Yorkshire preference stock, 5s 
Caledonian preference stock, 4s 
London, Brighton, and So. Coast pref cest'k,4s 
" " " prefcest'k,5s 

" " " ordinary stock 

" " " pref ce st'k, 5s 

" " " pref ce st'k, 5a 

M " " pref ce st'k, 5s 

56 



£60,800 00 
30,000 00 

236,220 00 
25,000 00 

303,625 00 
12,250 00 

200,000 00 
36,250 00 

150,000 00 
70,000 00 

150,000 00 

50,000 00 

21,500 00 

8,000 00 

172,353 33 
95,000 00 

177,425 00 
12,500 00 
48,215 00 
35,000 00 
35,150 00 
50,000 00 
42,590 00 
7,500 00 
5,250 00 

193,870 00 
25,800 00 

105,000 00 

170,000 00 

130,000 00 

90,000 00 

70,000 00 

40,000 00 

80,000 00 

100,000 00 

510,250 00 

20,625 00 

45,945 00 

70,700 00 

100,000 00 

28,500 00 

Nil. 

7,000 00 



$326,000 00 
44,700 00 

218,031 00 
39,250 00 

368,904 37 
14,945 00 

276,000 00 
31,075 00 

151,500 00 
72,100 00 

184,500 00 

70,500 00 

38,270 00 

8,300 00 

180,971 00 

109,250 00 

202,708 07 
18,000 00 
49,209 89 
37,100 00 
38,065 00 
55,000 00 
34,072 00 
3,750 00 
3,150 00 

222,950 50 
27,090 00 

119,700 00 

181,050 00 

152,100 00 

105,300 00 

80,500 00 

4S,400 00 

90,800 00 

122,000 00 

629,825 00 

19,903 12 

45,915 00 

86,254 00 

130,000 00 

34,627 50 

Nil. 

3,045 00 



442 



FOREIGN FIRE 



[Dec. 31, 



London, Brighton, and So. Coast pref'd B st'k, 

South Devon preference stock, 5s . 

Glasgow and South- Western shares, 5s 

Cambrian preference coast stock, 5s 
" preference coast stock, 5s 
" ordinary coast stock 
11 debenture, No. 2, coast stock 
" debenture, No. 4, coast stock 
M capital inland . 
" debenture, No. 2, coast stock 
11 debenture, No. 4, coast stock 
" preference capital coast stock 
" preference capital coast stock 
" ordinary coast stock 
" preference debenture stock, 5s 

Brecon and Merthyr preference stock, 5s 
u " B debenture stock, 5s 

11 " consol. pref'ce stock, 5s 

" " A debenture stock . 

" " C debenture stock . 

" " ordinary capital 

Kingston and Eardisley ordinary shares . 

London, C, and Dover arbitration deb. stock 
" " " arbitration pref'e st'k 

" " " ordinary stock . 

Cambrian preference stock, 5s 

" coast debenture stock, 5s 

" inland debenture stock, 5s 

" preference debenture 1862 stock, 5s 

South- Eastern ordinary consolidated stock 

Shrewsbury and Hereford rent charge st'k, 6s 

South-Eastern ordinary preferred stock 

Great Eastern debentures B stock . 
" debentures B stock . 

" debentures A stock . 

Great Western debenture stock, 5s . 

Great Western rent charge stock 

South Devon rent charge stock 

London and No. -Western preference stock, 5s 

South-Eastern preferred debenture stock, 5s 

Metropolitan district perpetual deb. stock, 6s 

Ipswich Dock Company debentures . 

Wear Nav. and Sunderland Dock Co.'s deb. 

Grand Junction water works debentures . 

Liverpool corporation debentures . 

Mersey Dock and Harbour Board bonds . 

Trust and Loan Co. of Upper Canada bonds 

British government annuities . 



$75,000 00 

65,000 00 

7,550 00 

15,000 00 

110,000 00 

67,500 00 

85,000 00 

15,445 00 

3,695 00 

2,675 00 

350 69 

5,300 00 

555 00 

1,740 00 

3,945 00 

85,000 00 

63,815 00 

55,000 00 

9,910 00 

2,350 00 

885 00 

.2,050 00 

163,540 00 

5,410 00 

5,4i0 00 

590 00 

35,000 00 

10,000 00 

35,000 00 

9,000 00 

39,850 00 

90,000 00 

135,000 00 

80,000 00 

100,000 00 

125,000 00 

126,600 00 

168,750 00 

4.250 00 

49,500 00 

125,000 00 

67,500 00 

100,000 00 

25,000 00 

4,750 00 

854,825 00 

50,000 00 

2,364 40 



8102,000 00 

78,650 00 

9,000 00 

4,200 00 

26,400 00 

10,800 00 

61,200 00 

9,884 80 

798 13 

1,926 00 

224 19 

1,272 00 

111 00 

278 39 

4,378 96 

27,200 00 

40,841 60 

17,600 00 

7,928 00 

1,316 00 

141 58 

164 00 

179,076 29 

4,287 40 

1,122 50 

678 50 

40,250 00 

11,400 00 

36,925 00 

2,268 00 

58,579 50 

124,200 00 

160,650 00 

95,200 00 

123,000 00 

156,250 00 

157,617 00 

204,187 50 

5,270 00 

61,875 00 

183,750 00 

67.500 00 

100,000 00 

25.000 00 

4,698 75 

854, 77S 4S 

50,000 00 

2,364 40 



1878.] 



INSURANCE COMPANIES. 



443 



Great Eastern Railway debentures . . . $25,000 00 

Birkenhead gas and water bonds . . . 12,500 00 

Mersey Steel and Iron Company debentures . 125,000 00 

Liverpool, Brazil, and Steam Nav. Co. bonds, 75,000 00 

National Steamship Company debentures . 100,000 00 

John Brown & Co.'s (limited) debentures . 100,000 00 

Huron county bonds 270,000 00 

Liverpool Gas Company's stock . . . 17,375 00 

Toronto city bonds 250,000 00 

United States funded debt bonds . . . 850,000 00 

Boston city bonds 239,000 00 

Massachusetts state bonds, 5s . . . . 330,000 00 

Pennsylvania Railroad Company bonds . . 125,000 00 

New York city gold bonds, 6s 50,000 00 

Central Railroad (N.J.) bonds . . . 5,000 00 

New York state gold bonds .... 130,000 00 

New Jersey state currency bonds . . . 6,000 00 

Connecticut state currency bonds . . . 35,000 00 
United States bonds .... 1,700,000 00 

South Carolina state bonds, 6s 20,000 00 

Mississippi state warrants .... 20,000 00 

Alabama state bonds, 5s .... 10,000 00 

New York state gold bonds, 6s 45,000 00 

Richmond city bonds, 8s .... 5,000 00 

Canadian securities ..... 489,295 00 



$27,004 83 

12,523 08 

125,000 00 

75,000 00 

100,000 00 

100,000 00 

277,510 67 

36,613 33 

256,250 00 

903,331 85 

255,675 65 

365,708 54 

125,588 37 

50,375 00 

3,327 65 

155,209 65 

6,777 40 

38,343 25 

1,839,935 02 

8,000 00 

18,000 00 

4,200 00 

53,100 00 

5,900 00 

472,630 21 



$12,688,073 42 $13,831,199 92 

Loaned on life policies 551,447 70 

on annuities, life interests, etc 109,578 04 

on railway debentures, etc. 340,191 53 



$14,832,417 19 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate . $2,789,618 71 

Loans on mort. of real estate (first liens), 7,011,219 06 

Stocks, bonds, etc., as per schedule . 14,832,417 19 

Cash deposited in various banks . . 2,268,960 27 

Interest due and accrued . . . 179,106 54 

Premiums in course of collection (gross) . 850,844 83 

Annuities and life interests purch'd by Co. 1,123,425 04 

Bills receivable 85,747 70 



Office furniture, etc. 
Gross Assets 



$44,896 36 



-$29,141,339 34 



Liabilities. 

Net amount of unpaid losses . . . $485,500 00 

Unearned premiums on outstanding risks, 2,249,177 43 

Reclaimable on perpetual fire policies . 296,568 17 

Life and annuity reserve fund . . 14,129,834 22 

Dividends to stockholders, unpaid . . 3,827 66 



444 FOREIGN FIRE [Dec. 31, 

Bills payable, not matured .... $.30,845 48 
Liability to Globe annuitants . . . 5,334,793 00 
Sundry working accounts .... 773,93-3 45 

Gross Liabilities, except Capital . . $23,330,483 41 



Surplus as regards Policy-holders §5,810,80.3 93 

Paid-up Capital 1,228,200 00 



Surplus over Capital $4,582,655 93 



Income. 

Cash received for fire premiums . . $5,689,047 62 
Deduct re-insurance, rebate, and return prems. 427,321 69 

Net cash received for fire premiums . . $5,262,325 93 

Interest and dividends received from all sources . . . 609,336 25 

Deposits rec'd for perpet. fire risks, $17,389 27 

Gross Cash Income $5,871,662 18 



Expenditures. 

Cash paid for fire losses §2,861,S66 29 

Cash dividends paid 368,460 00 

Cash paid for salaries of officers and employes .' . . 1,412,933 94 

for State. and local taxes 44,319 10 

Deposits returned on perpetual fire risks . $33,535 91 

Gross Cash Expenditures $4, 687, 579 33 

Risks and Premiums. 

rreminms. 

Fire risks outstanding Dec. 31, 1S70, $1,418, 4S1, 735 00 $4,3S4,45S 95 
written during 1877 . 1,4S2,152,240 00 5,089,647 63 



Total $2,900,633,975 00$10,074,106 58 

Deduct risks expired and terminated, 1,2SS, 127,505 00 5,148,430 00 



In force at end of year . . . $1,012,506,470 00 $4,925,076 58 
Deduct amount re-insured . . 119,429,3S0 00 427,32109 



Net amount in force . . $1,493,077,090 00 $4,498,354 S9 

Miscellaneous. 

Premiums received from organization of company . $S6,801,319 68 
Losses paid from organization of company .... 54,707,031 91 
Cash dividends declared from organization of company . 10,033,053 16 

Losses incurred during the year 2,S61,S66 29 

Company's stock owned by directors 206,050 00 



1878.] 



INSURANCE COMPANIES. 



445 



LONDON ASSURANCE CORPORATION, LONDON, ENGLAND. 

[Incorporated 1720. Commenced business 1720.] 

Paid-up Capital, £448,275. 

Edward Budd, Governor. Secretary, John P. Laurence. 

Office, No. 7 Royal Exchange. 



Detailed Statement of Stocks, Bonds, Etc. 



British government stock 

United States bonds 

Canadian consolidated stock, 5s 

Canada Dominion stocks, Gs 

Bombay, B., and Cent. India R'y stock 

East India Railway stock 

Madras Railway stock . 

Oude and Rohilkund Railway stock 

Turkish guaranteed bonds, 4s 

London city bonds 

Great Eastern Railway Co. debenture 

Bombay, B., and Cent. Ind. Railway deb 

East Indian .... 

Reversions and life interests . 

Life policies assigned . 

Investments in house property 

Government life annuities 



Summary of Assets, Dec. 31, 1S77. 
Loans on mortgage of real estate (first 



Par value 

£35G,000 9 

18G,000 

10,300 

20,521 IS 

9,500 
1G,700 
10,000 

1,500 
22.900 

1,000 
40,000 
75,000 
60,000 



Ledger value. 

£31lU37 18 

191,608 14 

10,315 1G 

20,521 18 

9,8G2 14 



17,759 
10,267 

1,500 
22,900 

1,000 
40,000 
74,437 10 
G0,000 
41,072 10 
32,955 14 
11,600 
573 



3 

9 
8 
4 









3 
8 





£857,541 17 11 



liens), ..... 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company . 
deposited in various banks . 
Interest due and accrued 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 

Policy stamps 

Gross Assets 



£2,070,0514 3 

857,541 17 11 

141 4 9 

66,910 2 8 

4,979 7 1 

44,087 6 9 

5,892 15 G 

141 15 9 



£3,050,351 14 8 



Liabilities. 



Net amount of unpaid losses . 
Unearned prems. on outstanding risks . 
Life and annuity reserve fund 
Dividends to stockholders, unpaid 
State and local taxes, unpaid annuities, 
Unpaid income tax .... 
Clerks' savings fund .... 
Gross Liabilities, except Capital . 

Surplus as regards Policy-holders . 
Paid-up Capital 

Surplus over Capital 



£46,153 15 9 

158,435 7 10 

1,688,017 12 3 

2,773 10 

242 9 1 

95 19 11 

3,076 1 5 



- 1,898,794 16 3 

£1,151,556 18 5 

. 448,275 

. £703,2S1 18 5 



446 



FOREIGN FIRE 



[Dec. 31, 



Income. 
Cash received for fire premiums . 
Deduct re-ins., rebate, and return prems. 
Net cash received for fire premiums 
Cash rec'd for marine and inl'd prems. . 
Deduct re-ins., rebate, and ret'n prems. 

Net cash rec'd for marine and inl'd prems. 

Interest and dividends received from all sources 
Income from Life Department 

Gross Cash Income .... 



£236,663 10 2 

30,949 8 2 

£109,699 16 

11,976 1 3 



£205,714 2 



97,723 14 9 

140,034 12 2 

165,078 12 2 

£608,551 1 1 



Expenditures. 
Cash paid for fire losses . . . £87,598 10 6 
Deduct salvage and re-insurance . . 484 8 10 

Net cash paid for fire losses . . . 

Cash paid for marine and inland losses, £58,037 14 1 
Deduct salvage and re-insurance . . 3,637 13 5 

Net cash paid for marine and inl'd losses, 

Cash dividends paid ..... 
Cash paid for commissions and brokerage 

for salaries of officers and employes 

for State and local taxes 

for Life Department 

for incidentals .... 

Gross Cash Expenditures 



£87,114 1 8 



54,400 


6 


107,586 





47.551 12 


G 


34,787 


2 


4.011 1 


9 


191,439 11 


5 


19,367 4 


5 


£546,256 12 


1 



Fire risks outstand'g Dec. 31, 1876, 
■written during 1877 



Risks and Premiums. 

Premiums. 

£62,650,930 £234,330 1 7 
74,281,820 244,131 13 9 



Total 

Deduct risks exp'd and terminated, 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



£136,932,750 £478,461 15 4 
70,822,520 230,S77 15 1 



£66,110.230 £247,584 3 
4,402,689 10,365 14 1 



£61,647,541 £237,21S 6 2 



Marine risks outstand'g Dec. 31, '76, 
written during 1S77 . 

Total 

Deduct risks exp'd and terminated, 

In force at end of year . 
Deduct amount re-insured 

Net amount in force 



£2,576,040 £41,765 4 9 
10,823,377 1 109.320 6 8 



£13.399,417 1 £151,085 11 5 
10,675,389 16 1 111.259 6 8 



£2.724,027 4 £39,826 4 9 
40,336 630 11 11 



£2,683,691 4 £39,195 12 10 



1878.] 



INSURANCE COMPANIES. 



447 



NORTHERN ASSURANCE COMPANY, LONDON, ENGLAND. 

[Incorporated 1836. Commenced business June, 1836.] 

Paid-up Capital, $750,000. 

"William Miller, Chairman. Secretary, Alex. P. Fletcher. 

Office, No. 3 King Street, Aberdeen; No. 1 Moorgate Street, London. 

Detailed Statement of Stocks, Bonds, Etc. 



New 3 per cent annuities . . 
Brisbane bridge bonds, 5s 
British Columbia gov't debentures . 
Canadian deposit .... 
Canadian debentures, 6s 
Cape of Good Hope gov't debentures 
Cape of Good Hope bonds, 4^s 
Christchurch (N.Z.) bonds, 6s 
Auckland city bonds, 6s 
Melbourne city bonds, 5s 
Montreal city bonds, 5s . 
Corporation of Quebec bonds 
Canadian Dominion reg'd stock, 4s 

u " Quebec loan . 

" " stock, 4s . 

Eastern Bengal Railway 
Government of Ceylon debentures . 
Jamaica government bonds, 5s 
Jamaica government bonds, 6s 
Mauritius government debentures . 
Melbourne city bonds, 6s 
Natal government debentures, 4^s . 
New South Wales gov't debentures 
New Zealand gov't debentures, 5s . 
New Zealand gov't debentures, 4|s 
Otago debentures, 6s 
Ontario government annuities 
Queensland government debentures 
St. Christopher gov't debentures, 6s 
South Australian government debentures 
South Australian government bonds, 4s 
Trinidad government loan, 5s 
New Zealand gov't debentures, 4s . 
Victoria government debentures, 6s 
Victoria government debentures, 5s 
Austrian silver rentes 
Brazilian deposit, Para . 
Brazilian deposit, Rio de Janeiro . 



Par value. 




Market value. 


. £50,000 








£45,465 10 


. 11,000 








11,269 8 1 


3,300 








3,580 19 10 


. $100,000 00 


19,665 16 


. £10,000 








10,050 19 5 


2,000 








2,000 


. 10,000 








9,950 


6,000 








6,120 


5,000 








4,861 14 


2,000 








2,001 4 2 


9,800 








8,758 6 8 


1,900 








1,791 11 9 


. 10,000 








8,753 4 


. 10,000 








9,717 10 


. 10,000 








9,012 1 


. 50,000 








51,381 2 1 


5,000 








5,000 


1,800 








1,800 


1,200 








1,209 2 1 


5,000 








4,988 2 4 


300 








307 6 8 


5,000 








4,762 10 


. 10,700 








9,992 1 1 


. 10,100 








10,637 15 11 


. 20,000 








18,600 


2,000 








2,173 17 3 


$81,648 00 


11,553 3 


. £5,000 








4,658 6 7 


3,500 








3,393 12 2 


1,250 








1,256 7 1 


9,500 








8,545 5 


. 12,800 








12,864 7 6 


. 10,000 








9,050 


3,800 








4,092 10 


9,830 








10,707 8 6 


. 15,000 





6 


8,194 


rs. 10,000 


801 15 5 


10,000 


985 



448 



FOREIGN FIRE